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

Posted by

Elon Musk ended up being the owner and CEO of Buy Twitter Verification on October 27, 2022, after acquiring 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 changes implemented under his management.

March 25, 2022

Musk starts openly slamming Buy Twitter Verification, polling his fans on whether they believe the business adheres to the principle of totally free speech.

April 4, 2022

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

Musk is invited to sign up with Buy Twitter Verification’s board of directors.

Musk tweeted:

April 10, 2022

Former Buy Twitter Verification CEO Parag Agrawal announces Musk declines the invitation to join 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 business personal.

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission exposes Buy Twitter Verification’s board openly 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 day-to-day active users are spam accounts.

Musk tweets:

June 6, 2022

In a letter from Musk’s lawyer sent to Buy Twitter Verification, Musk threatens to terminate his contract. Musk alleges Buy Twitter Verification is refusing to comply with requests for information on the variety of spam accounts.

June 8, 2022

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

This was first reported by The Washington Post.

July 8, 2022

Musk reveals his intention to end the Buy Twitter Verification acquisition, declaring in a filing with the SEC that Buy Twitter Verification still declines to abide by requests for data 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 launches a claim versus Musk in reaction to his revoking the acquisition.

Musk tweets:

August 6, 2022

Musk difficulties former Buy Twitter Verification CEO Parag Agrawal to a public dispute about spam accounts and surveys followers on whether they believe less than 5% of Buy Twitter Verification’s everyday active users are fake.