Elon Musk’s Twitter Takeover: A Timeline Of Events


Elon Musk turned 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 applied 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 submitting reveals Musk is Twitter’s largest shareholder, with a 9% stake within the firm.

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

Musk tweeted:

April 10, 2022

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

April 14, 2022

Musk makes a suggestion to buy Twitter for $43 billion, or $54.20 per share, and take the corporate non-public.

Musk tweets:

April 25, 2022

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

Musk tweets:

Might 13, 2022

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

Musk tweets:

June 6, 2022

In a letter from Musk’s legal professional despatched to Twitter, Musk threatens 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 offer him with a “firehose” knowledge stream of tweets.

This was first reported by The Washington Submit.

July 8, 2022

Musk proclaims his intention to terminate the Twitter acquisition, claiming in a submitting 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 in opposition to Musk in response to his backing out of the acquisition.

Musk tweets:

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 every day energetic customers are pretend.

October 4, 2022

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

In a tweet, Musk mentioned buying Twitter is a component of a bigger purpose to create an “every little thing” app known as “X”:

October 20, 2022

In line with a report in The Washington Submit, Musk is telling traders he plans to terminate practically 75% of Twitter’s workers.

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 workers 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.

Musk tweetd:

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 means of Twitter Blue and enhance the worth to $19.99 per thirty days.

November 1, 2022

In an change on Twitter with Stephen King, Musk confirms plans to cost for verification, although at a lowered value of $8 per thirty days.

In a follow-up tweet, Musk provides:

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

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

November 4, 2022

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

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

Concerning the layoffs, Musk claims he has no alternative:

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 deal with to Twitter workers since taking possession of the corporate, he warns a few dire finical state of affairs.

Musk reportedly believes Twitter doesn’t have the money circulation 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 workers with out formal discover.

November 14, 2022

Musk proclaims Twitter is popping off microservices “bloatware,” which he claims isn’t needed for the positioning 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 workers for expressing detrimental opinions about him in a non-public Slack channel.

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

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

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

Featured Picture: kovop58/Shutterstock


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