July 8 – Musk moves to terminate his acquisition of Twitter, pointing to the issue of fake accounts. "Mr. Musk has sought the data and information necessary to 'make an independent assessment of the prevalence of fake or spam accounts on Twitter's platform'" and did not receive it, a securities filing said. In an email on disclosed in a securities filing on Sunday, an attorney representing Twitter rejected Musk's effort to abandon the acquisition. "The purported termination is invalid," the attorney wrote, arguing that Musk had "knowingly, intentionally, willfully, and materially breached the Agreement." "As it has done, Twitter will continue to provide information reasonably requested by Mr. Musk under the Agreement," the attorneys added. July 12 – Twitter sues Musk in Chancery Court in Delaware to force him to complete the deal. "Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests," Twitter said in the lawsuit. "Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away." Musk did not immediately respond to a request for comment on the lawsuit. If permitted to abandon the deal, Musk may be forced to pay a $1 billion termination fee. Twitter app is seen on a smartphone. Dado Ruvic/Reuters, FILE July 19 – A Delaware court determines that the trial in a lawsuit brought by Twitter against Elon Musk should take place in October, granting an expedited timeline for the case. Aug. 23 – News breaks that former Twitter Head of Security Peiter Zatko alleged in a federal whistleblower complaint that the social media giant had numerous wide-ranging information security system lapses, according to a copy of the complaint made public. In response, Twitter blasted Zatko, who worked at the company from November 2020 to January 2022, saying he was spreading a "false narrative about Twitter" and was fired for "ineffective leadership and poor performance." Oct. 4 – Musk proposes the completion of a deal to acquire Twitter, reversing a monthslong effort to terminate the agreement. The proposal would complete the deal at Musk's original offer price of $54.20 a share at a total cost of roughly $44 billion, a person familiar with the proposal told ABC News. MORE: Senior members of Twitter's privacy, security teams exit after warning about Elon Musk Oct. 28 – Musk closes a deal to acquire Twitter on the final day before the Delaware Chancery Court trial would have moved forward. Some of Twitter's top executives were fired, including CEO Parag Agrawal, chief financial officer Ned Segal, chief legal officer Vijaya Gadde and general counsel Sam Edgett, according to a source. Musk said that he will forgo any significant content moderation or account reinstatement decisions until after the formation of a new committee devoted to the issues. "Twitter will be forming a content moderation council with widely diverse viewpoints," Musk tweeted. "No major content decisions or account reinstatements will happen before that council convenes." Nov. 4 – Twitter begins layoffs that will cut roughly half of its 7,500-person workforce, the company announced in an email. "Today is your last working day at the company," the email said, which ABC News has reviewed. The subject line read "Your Role at Twitter" and was sent to the personal email addresses of those laid off. In this file photo taken on Oct. 28, 2022, the Twitter sign is seen at their headquarters in San Francisco. Constanza Hevia/AFP via Getty Images, FILE Nov. 9 – Twitter launches a new version of its subscription service, Twitter Blue, which allows users to access verification if they pay a monthly fee of $8. Previously, the company verified celebrities, politicians, journalists and prominent figures on a case-by-case basis in an effort to prevent impersonation. To address impostors, Musk says the site will permanently suspend users who attempt to impersonate others, unless the account is clearly marked as a parody. Nov. 10 – A flood of fake accounts impersonating public figures and brands on Twitter after the launch of paid verification badges prompts the company to reinstate a second layer of "official" tags, the company said. Impostor accounts posed as a slew of well-known people and companies, including basketball star LeBron James, former New York City Mayor Rudy Giuliani, gaming company Nintendo of America and even Tesla, the electric vehicle maker run by Twitter's owner, Musk. Nov. 11 – Twitter Blue appears to be unavailable on the company's Apple iOS app for some users. Related Topics