TWO YEARS AGO: HOW ELON BOUGHT X

Elon took Twitter private for $54.20/share with the April 25, 2022 merger agreement after amassing a 9% stake, worth ~$3 billion, in the company.

Two months later, Elon threatened to terminate the merger for material breach as Twitter failed to comply with data requests about the frequency of “bot” accounts on the platform.

Twitter then sued Elon to complete the deal.

Elon countersued after a whistleblower alleged Twitter misled regulators about its cybersecurity defense and negligence of fake accounts spreading misinformation.

Elon finally agreed to close the original $44 billion deal in October, ousting CEO Parag Agrawal and laying off 75% of the company’s 7,500 employees.

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