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

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Elon Musk ended up being the owner and CEO of Buy Twitter Verified Badge on October 27, 2022, after obtaining the social media business for $44 billion.

What follows is a timeline of events leading up to Musk’s acquisition of Buy Twitter Verified Badge and the changes executed under his leadership.

March 25, 2022

Musk begins openly slamming Buy Twitter Verified Badge, ballot his fans on whether they think the business abides by the principle of free speech.

April 4, 2022

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

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

Musk tweeted:

April 10, 2022

Former Buy Twitter Verified Badge CEO Parag Agrawal reveals Musk declines the invite to sign up with Buy Twitter Verified Badge’s board of directors.

April 14, 2022

Musk makes an offer to purchase Buy Twitter Verified Badge 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 Verified Badge’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 Verified Badge’s day-to-day active users are spam accounts.

Musk tweets:

June 6, 2022

In a letter from Musk’s lawyer sent out to Buy Twitter Verified Badge, Musk threatens to end his agreement. Musk alleges Buy Twitter Verified Badge is refusing to comply with requests for data on the variety of spam accounts.

June 8, 2022

Buy Twitter Verified Badge’s board abide by Musk’s demands, accepting offer him with a “firehose” data stream of tweets.

This was first reported by The Washington Post.

July 8, 2022

Musk reveals his intent to end the Buy Twitter Verified Badge acquisition, declaring in a filing with the SEC that Buy Twitter Verified Badge still declines to adhere to ask for information on bot accounts.

Buy Twitter Verified Badge’s chairman, Bret Taylor, states that the board plans to pursue legal action to impose the contract.

July 12, 2022

Buy Twitter Verified Badge formally releases a lawsuit against Musk in action to his backing out of the acquisition.

Musk tweets:

August 6, 2022

Musk difficulties previous Buy Twitter Verified Badge CEO Parag Agrawal to a public argument about spam accounts and polls followers on whether they think less than 5% of Buy Twitter Verified Badge’s everyday active users are phony.