Elon Musk’s Buy Twitter Verification Takeover: A Timeline Of Occasions

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Elon Musk ended up being the owner and CEO of Buy Twitter Verification on October 27, 2022, after getting the social networks business for $44 billion.

What follows is a timeline of occasions leading up to Musk’s acquisition of Buy Twitter Verification and the modifications executed under his management.

March 25, 2022

Musk begins freely criticizing Buy Twitter Verification, ballot his followers on whether they believe the business follows the concept of totally free speech.

April 4, 2022

A securities filing exposes Musk is Buy Twitter Verification‘s largest investor, with a 9% stake in the business.

Musk is invited to join Buy Twitter Verification’s board of directors.

Musk tweeted:

April 10, 2022

Previous Buy Twitter Verification CEO Parag Agrawal reveals Musk decreases the invite to sign up with Buy Twitter Verification’s board of directors.

April 14, 2022

Musk makes a deal to buy Buy Twitter Verification for $43 billion, or $54.20 per share, and take the company personal.

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission exposes Buy Twitter Verification’s board publicly and all accepted Musk’s buyout offer.

Musk tweets:

May 13, 2022

Musk puts the buyout deal on hold following reports that 5% of Buy Twitter Verification’s daily active users are spam accounts.

Musk tweets:

June 6, 2022

In a letter from Musk’s attorney sent to Buy Twitter Verification, Musk threatens to end his agreement. Musk alleges Buy Twitter Verification is refusing to abide by requests for information on the number of spam accounts.

June 8, 2022

Buy Twitter Verification’s board complies with Musk’s needs, accepting offer him with a “firehose” data stream of tweets.

This was first reported by The Washington Post.

July 8, 2022

Musk reveals his objective to end the Buy Twitter Verification acquisition, claiming in a filing with the SEC that Buy Twitter Verification still declines to adhere to ask for information on bot accounts.

Buy Twitter Verification’s chairman, Bret Taylor, states that the board prepares to pursue legal action to enforce the agreement.

July 12, 2022

Buy Twitter Verification formally releases a suit versus Musk in response to his revoking the acquisition.

Musk tweets:

August 6, 2022

Musk obstacles previous Buy Twitter Verification CEO Parag Agrawal to a public dispute about spam accounts and surveys fans on whether they think less than 5% of Buy Twitter Verification’s day-to-day active users are phony.