Elon Musk’s Twitter Takeover: A Timeline Of Occasions

Elon Musk's Twitter Takeover: A Timeline Of Events

Elon Musk grew to become the proprietor and CEO of Twitter on October 27, 2022, after buying the social media firm for $44 billion.

What follows is a timeline of occasions main as much as Musk’s acquisition of Twitter and the modifications carried out below his management.

March 25, 2022

Musk begins overtly criticizing Twitter, polling his followers on whether or not they consider the corporate adheres to the precept of free speech.

April 4, 2022

A securities filing reveals Musk is Twitter’s largest shareholder, with a 9% stake within the firm.

Musk is invited to hitch Twitter’s board of administrators.

Musk tweeted:

April 10, 2022

Former Twitter CEO Parag Agrawal pronounces Musk declines the invitation to hitch Twitter’s board of administrators.

April 14, 2022

Musk makes a proposal to buy Twitter for $43 billion, or $54.20 per share, and take the corporate personal.

Musk tweeted:

April 25, 2022

A filing with america Safety and Change Fee reveals Twitter’s board publicly and unanimously accepted Musk’s buyout provide.

Musk tweeted:

Might 13, 2022

Musk places the buyout deal on maintain following stories that 5% of Twitter’s each day energetic customers are spam accounts.

Musk tweeted:

June 6, 2022

In a letter from Musk’s legal professional despatched to Twitter, Musk threathens to terminate his settlement. Musk alleges Twitter is refusing to adjust to requests for knowledge on the variety of spam accounts.

June 8, 2022

Twitter’s board complies with Musk’s calls for, agreeing to supply him with a “firehose” knowledge stream of tweets.

This was first reported by The Washington Post.

July 8, 2022

Musk pronounces his intention to terminate the Twitter acquisition, claiming in a filing with the SEC that Twitter nonetheless refuses to adjust to requests for knowledge on bot accounts.

Twitter’s chairman, Bret Taylor, says that the board plans to pursue authorized motion to implement the settlement.

July 12, 2022

Twitter formally launches a lawsuit towards Musk in response to his backing out of the acquisition.

Musk tweeted:

August 6, 2022

Musk challenges former Twitter CEO Parag Agrawal to a public debate about spam accounts and polls followers on whether or not they consider lower than 5% of Twitter’s each day energetic customers are pretend.

October 4, 2022

Musk submits a proposal to maneuver ahead with the acquisition on the initially agreed-upon worth of $44 billion ($54.20 per share) on the situation that Twitter drops its lawsuit.

In a tweet, Musk stated buying Twitter is an element of a bigger objective to create an “every thing” app known as “X”:

October 20, 2022

Based on a report in The Washington Publish, Musk is telling buyers he plans to terminate almost 75% of Twitter’s employees.

October 26, 2022

Musk tweets a video of him carrying a kitchen sink into Twitter headquarters and modifications his Twitter bio to “Chief Twit,” signaling the buyout is close to completion.

Musk reportedly tells Twitter staff throughout his go to that layoffs will occur, although not on the beforehand reported scale.

October 27, 2022

Musk and Twitter shut the deal, making Musk the brand new proprietor. Musk instantly fires Agrawal, chief monetary officer (CFO) Ned Segal, Gadde, and basic counsel Sean Edgett.

That night, Musk tweeted:

October 30, 2022

Musk reveals plans to revamp Twitter’s verification system, tweeting:

A report begins to floor that Musk is contemplating charging customers to pay to stay verified.

A separate report says Musk plans to supply verification checkmarks by way of Twitter Blue and improve the value to $19.99 monthly.

November 1, 2022

In an trade on Twitter with Stephen King, Musk confirms plans to cost for verification, although at a decreased worth of $8 monthly.

In a follow-up tweet, Musk provides:

“I’ll clarify the rationale in longer type earlier than that is carried out. It’s the solely method to defeat the bots & trolls.”

Musk reportedly orders Twitter employees to work 12-hour shifts to perform his objective of launching the brand new verification system inside per week.

November 4, 2022

Musk lays off half of Twitter staff as a part of an alleged cost-cutting measure.

On Twitter, Musk says the layoffs are due to an enormous drop in firm income:

Relating to the layoffs, Musk claims he has no selection:

November 9, 2022

Twitter launches a brand new verification system, with all customers receiving a blue checkmark by buying Twitter Blue.

November 10, 2022

In Musk’s first handle to Twitter employees since taking possession of the corporate, he warns a couple of dire finical state of affairs.

Musk reportedly believes Twitter doesn’t have the money move to outlive, mentioning that chapter is feasible.

November 11, 2022

Musk pauses Twitter Blue subscriptions resulting from accounts abusing the verification checkmark by impersonating manufacturers and public figures.

Musk tweets:

Moreover, extra high executives resign from their place at Twitter.

November 12, 2022

Underneath Musk’s management, Twitter fires an estimated 80% of contract staff with out formal discover.

November 14, 2022

Musk pronounces Twitter is popping off microservices “bloatware,” which he claims isn’t mandatory for the location to work:

Consultants warn of a possible Twitter outage resulting from turning off microservices and advise backing up private knowledge.

November 15, 2022

Musk fires staff for expressing destructive opinions about him in a personal Slack channel.

Yao Yue, the previous Principal Software program Engineer at Twitter, tweets:

The authorized battle between Twitter and Musk ends because the choose dismisses the lawsuit.

Musk pronounces a brand new “Blue Verified” program will launch on November 29:

Featured Picture: kovop58/Shutterstock

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