Elon Musk is the landlord of Twitter, and leaves no stone unturned to flaunt that he owns it. Ever since he purchased the social media platform for a whopping $44 billion closing October, the billionaire has made sweeping adjustments inside the corporate. He has initiated a number of measures together with paid subscription carrier known as ‘Twitter Blue’ to spice up earnings of the corporate.
Musk has additionally larger the tweet prohibit to ten,000 with daring and textual content used, gratifying what he had promised previous. Several occasions have opened up in Twitter since Musk made the be offering to shop for Twitter precisely a 12 months in the past. Here’s a short lived timeline.
March 14, 2022: Musk starts making an investment in Twitter in overdue January. As of March 14, he owns 9.2 % stake within the social media platform.
April 14, 2022: The billionaire gives to shop for Twitter at $54.20, because the valuation reaches $43 billion as consistent with the Securities and Exchange Commission.
April 21, 2022: In an SEC submitting, Musk says he has gained $46.5 billion in financing to finish the purchase.
April 25, 2022: The social media platform accepts Musk’s be offering and broadcasts the deal’s valuation at $44 billion.
May 13, 2022: Musk says that the Twitter deal is ‘briefly on dangle’. He cites the superiority of bots and junk mail accounts at the microblogging platform.
May 26, 2022: Twitter shareholders deliver class-action lawsuit towards Musk over alleged inventory manipulation tied to the purchase procedure.
June 6, 2022: Musk threatens to withdraw from the deal if the social media massive does now not expose details about bots and spams at the platform.
July 8, 2022: Musk strikes to terminate his deal at the factor of pretend accounts.
July 12, 2022: Twitter sues Musk in Delaware courtroom to drive him to finish the deal.
July 19, 2022: Delaware courtroom says that trial in lawsuit by way of Twitter towards Musk will have to happen in October.
August 23, 2022: Former Twitter head of safety Peiter Zatko alleges that the platform is evident knowledge safety device lapses.
October 4, 2022: Musk proposes to finish the Twitter buyout deal at its authentic be offering of $54.20 consistent with proportion.
October 28, 2022: Musk closes the deal to procure the social media platform at the ultimate day ahead of the Delaware courtroom would transfer ahead.
November 4, 2022: Twitter initiates mass layoffs to trim more or less part of its 7,500-person team of workers.
November 9, 2022: Twitter launches Blue subscription carrier, asking customers to pay $8 if they would like the verified badge.
November 16, 2022: Musk in an e-mail to workers asks them to simply accept lengthy hours of labor or go away.
March 24, 2023: Twitter says legacy verified badges will finish on April 1.
April 12: Musk says ultimate date for removing of legacy verified badges is April 20.