Elon Musk’s Twitter Takeover: A Timeline Of Occasions

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 carried out beneath 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 pronounces 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 personal.

Musk tweeted:

April 25, 2022

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

Musk tweeted:

Might 13, 2022

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

Musk tweeted:

June 6, 2022

In a letter from Musk’s lawyer despatched to Twitter, Musk threathens to terminate his settlement. Musk alleges Twitter is refusing to adjust to requests for information 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” information stream of tweets.

This was first reported by The Washington Submit.

July 8, 2022

Musk pronounces his intention to terminate the Twitter acquisition, claiming in a submitting with the SEC that Twitter nonetheless refuses to adjust to requests for information 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 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 faux.

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 stated buying Twitter is an element of a bigger aim to create an “the whole lot” app known as “X”:

October 20, 2022

In keeping with a report in The Washington Submit, Musk is telling buyers he plans to terminate almost 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 normal 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 worth to $19.99 per thirty days.

November 1, 2022

In an alternate 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 kind earlier than that is carried out. It’s the solely strategy to defeat the bots & trolls.”

Musk reportedly orders Twitter workers to work 12-hour shifts to perform his aim of launching the brand new verification system inside every 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:

Relating to 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 tackle to Twitter workers since taking possession of the corporate, he warns a few dire finical scenario.

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

November 11, 2022

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

Musk tweets:

Moreover, extra prime 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 pronounces Twitter is popping off microservices “bloatware,” which he claims isn’t obligatory for the location to work:

Consultants warn of a possible Twitter outage attributable to turning off microservices and advise backing up private information.

November 15, 2022

Musk fires workers for expressing unfavorable 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 decide dismisses the lawsuit.

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

Featured Picture: kovop58/Shutterstock

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