Friday, May 9, 2025
No Result
View All Result
newshub
  • Newshub news
    • Ukraine
  • Markets
    • Africa
    • Asia
    • Australia
    • Central Banks
    • China
    • Commodities
    • Corporate
    • Energy
      • Climate
      • Carbon
      • Coal
      • Disruptive
      • Gas
      • Nuclear
      • Oil
      • Solar
      • Water
      • Waves
      • Wind
      • Renewable
    • South America
    • South East Asia
    • Stock of the week
    • UK
    • US
    • Europe
    • Japan
  • Investment
    • Stock of the week
    • WEX – (Company links takes you to WEX)
      • Alt Kap Holding AB
      • Digital Network Holding, Inc.
      • Fantas-E AB
      • International Clean Energy Inc.
      • Intritum Partner Limited
      • Intritum Recycling GH Limited
      • MSTRpay AB
      • SWAP Services, Inc.
      • TC Unterhaltungselektronik AG
      • Universal Streaming Technologies – USTA
      • VMT Holding, Inc.
  • Fintech
    • AI
    • Banking
    • Blockchain
    • Crypto
    • MSTRpay
    • Neobanking
  • Lifestyle
    • Best chefs
    • Cocktail of the week
    • History
    • Influential women
  • Newshub news
    • Ukraine
  • Markets
    • Africa
    • Asia
    • Australia
    • Central Banks
    • China
    • Commodities
    • Corporate
    • Energy
      • Climate
      • Carbon
      • Coal
      • Disruptive
      • Gas
      • Nuclear
      • Oil
      • Solar
      • Water
      • Waves
      • Wind
      • Renewable
    • South America
    • South East Asia
    • Stock of the week
    • UK
    • US
    • Europe
    • Japan
  • Investment
    • Stock of the week
    • WEX – (Company links takes you to WEX)
      • Alt Kap Holding AB
      • Digital Network Holding, Inc.
      • Fantas-E AB
      • International Clean Energy Inc.
      • Intritum Partner Limited
      • Intritum Recycling GH Limited
      • MSTRpay AB
      • SWAP Services, Inc.
      • TC Unterhaltungselektronik AG
      • Universal Streaming Technologies – USTA
      • VMT Holding, Inc.
  • Fintech
    • AI
    • Banking
    • Blockchain
    • Crypto
    • MSTRpay
    • Neobanking
  • Lifestyle
    • Best chefs
    • Cocktail of the week
    • History
    • Influential women
No Result
View All Result
newshub
No Result
View All Result
ADVERTISEMENT

Twitter: A brief history from the app’s founding in 2006 to the present

2022/10/30/08:15
in Corporate, Market
Reading Time: 6 mins read
240 13
A A
Twitter: A brief history from the app’s founding in 2006 to the present
MSTRpay MSTRpay MSTRpay
ADVERTISEMENT

Nine years ago, Twitter raised $1.8 billion in an IPO.

Twitter became the centre of controversy during Donald Trump’s tenure in the White House because of his voracious use of the app.

Now the company’s fate is controlled by Elon Musk.

A decade ago, Twitter’s future was looking bright. The company was benefiting from a flood of funding into the social-networking space, eventually leading to an IPO in 2013 that raised $1.8 billion.

Now the company is back in private hands. And they happen to be in the hands of Elon Musk, the richest person in the world and one of the app’s most high-profile provocateurs.

It’s a massive moment. Twitter has become a key place for people to debate, joke and pontificate in their own circles of politics, sports, tech and finance. It also served as a platform that gives voice to the voiceless, helping protesters organize and express themselves in repressed regimes around the world.

In recent years, however, Twitter and social media rivals like Facebook have been at the centre of controversy over the distribution of fake news and misinformation, sometimes leading to bullying and violence.

Investors had grown concerned about Twitter as a business. The company was generally unprofitable, struggled to keep pace with Google and Facebook, and often killed popular products with no real explanation.

What follows is a brief history of Twitter, which — despite its many flaws — is one of the most iconic companies to come out of Silicon Valley in the past 20 years.

2006
In March, Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams created Twitter, which was originally a side project stemming from the podcasting tool Odeo. That month, Dorsey would send the first Tweet that read, “just setting up my twttr.”

ADVERTISEMENT

just setting up my twttr

— jack (@jack) March 21, 2006

2007
In July, Twitter received a $100,000 Series A funding round led by Union Square Ventures. The app’s popularity started to explode after being heavily promoted by the tech community during the annual South by Southwest conference.

2008
Dorsey stepped down as CEO in October and was replaced by Williams. According to the book “Hatching Twitter” by journalist Nick Bilton, Twitter’s board fired Dorsey over concerns about the executive’s management style and public boasting.

2009

WE/X WE/X WE/X
ADVERTISEMENT

Twitter’s popularity continued to soar, leading to a high-profile appearance from Williams on Oprah Winfrey’s talk show alongside celebrity Ashton Kutcher. Kutcher would also write about Williams and Stone as part of Time Magazine’s Time 100 issue. Twitter was now a mainstream phenomenon.

2010
Twitter reached space, with NASA Astronaut Timothy Creamer sending the first tweet live from outer orbit. Behind the scenes, however, management woes continued with Williams stepping down as CEO, replaced by operating chief Dick Costolo.

2011
Twitter became an essential social media tool used during the Arab Spring, the wave of antigovernmental protests throughout Egypt, Libya and Tunisia. Protesters used the site to post reports and to organize. As the Pew Research Center noted, Twitter’s role in “disseminating breaking news” was not “not limited to the Arab uprisings – the death of Whitney Houston, for example, was announced on Twitter 55 minutes prior to the AP confirming the story.”

2012
Twitter’s reach expanded to 200 million active users. Barack Obama used the “platform to first declare victory publicly in the 2012 U.S. presidential election, with a Tweet that was viewed approximately 25 million times on our platform and widely distributed offline in print and broadcast media,” according to corporate filings.

2013
Twitter went public in November. The combined wealth of Williams, Dorsey, and Costolo hit roughly $4 billion.

“I think we’ve got a tremendous set of thoughts and strategies to increase the slope of the growth curve,” Costolo told CNBC at the time. “I would consider some of their tactics, some of them broader strategies, in service of doing what I referred to as bridging the gap between the massive awareness of Twitter and deep engagement of the platform.”

2014
Slowing user growth led to several stock drops and analyst downgrades. Twitter also deemed 2014 the year of the “selfie.”

2015
Compared to rivals like Google, Facebook, and even LinkedIn, Twitter was starting to look like the runt of the Internet litter. Twitter was still unprofitable as its ad business struggled mightily against its larger competitors. Dorsey would also return as CEO of the company, while still maintaining the top job at his other company, Square.

2016
Rumours began circulating that Twitter was looking to be acquired, with Salesforce as a potential suitor. Meanwhile, Twitter and Facebook were criticized for their role in letting prominent users like Donald Trump, who would win the U.S. presidential election that year, spread misleading information without consequence.

“Having the president-elect on our service using it as a direct line of communication allows everyone to see what is on his mind at the moment,” Dorsey said at the time. “We’re definitely entering a new world where everything is on the surface and we can all see that in real-time and we can have conversations about it.”

2017
For a moment, Twitter appeared to be on the upswing. Its stock was finally trending upward as the company’s finances were improving. Meanwhile, Trump as the president continued to use Twitter as his megaphone. According to Twitter’s own data, “Trump was the most-tweeted-about global leader in the world and in the United States” that year, CNBC reported.

2018
Dorsey and Facebook’s then-operating chief Sheryl Sandberg testified before the Senate Intelligence Committee about alleged interference by Russia-linked actors in the 2016 election. Trump and fellow Republicans became increasingly vocal about alleged political bias by Twitter and other social media sites.

“In fact, from a simple business perspective and to serve the public conversation, Twitter is incentivized to keep all voices on the platform,” Dorsey said at the time.

2019
Analysts found correlations between President Trump’s voracious use of Twitter and various markets, including gold, underscoring the cultural power of Twitter. Trump met with Dorsey — a Twitter spokesperson said “Jack had a constructive meeting with the President of the United States today at the president’s invitation.”

“They discussed Twitter’s commitment to protecting the health of the public conversation ahead of the 2020 U.S. elections and efforts underway to respond to the opioid crisis,” the spokesperson said.

2020
As Covid-19 spread across the globe, the spread of misinformation dominated online conversation. And Twitter continued to struggle to grow its business. The service was also hacked that year, and miscreants gained access to over a dozen high-profile accounts, including those controlled by Joe Biden, Jeff Bezos, and Musk

2021
Twitter permanently banned Trump over inflammatory comments the president made during the U.S. Capitol riots in January that the company said could lead to “further incitement of violence.” Trump would allege that Twitter workers “coordinated with the Democrats and the Radical Left in removing my account from their platform, to silence me.” Later, Dorsey suddenly stepped down as CEO and was replaced by Parag Agrawal, the company’s chief technology officer.

2022
Musk took over Twitter after a protracted legal spat that would have culminated this week in a trial in Delaware’s Court of Chancery. The Tesla CEO agreed in April to pay $44 billion for Twitter but then attempted to renege on the deal. He changed course and opted to proceed, walking into the company’s San Francisco office on Wednesday with what appeared to be a porcelain bathroom sink in his hands.

“Entering Twitter HQ – let that sink in!” he tweeted, with a video of his entrance.

Musk immediately began making changes, firing Agrawal, finance head Ned Segal, and head of legal policy Vijaya Gadde.

Source: CNBC

Related Posts

Morning Bid: BOJ saves the day
Europe

European markets open cautiously amid global trade optimism

by newshub
9 hours ago

European stock markets opened with modest gains on Friday, buoyed by recent trade agreements and positive sentiment from Wall Street....

Read moreDetails
Asian stocks track Wall Street gains and Japan’s inflation slows

Asian markets open mixed as trade hopes offset regional tensions and Europa & Asia expectations

12 hours ago
Markets reel from tariffs as today’s top 5 finance stories highlight global instability

Friday´s five most-read articles on Finance

12 hours ago
Wall Street Week Ahead: As markets churn, investors hide in cash despite surging inflation

U.S. markets open higher on trade optimism, all markets gain today

1 day ago
Markets cheer as Powell finds his balance

Federal Reserve holds rates steady amid rising economic risks; markets rebound, Trump administration reacts

1 day ago
Asia stocks mixed as soaring dollar pauses

Asian markets open higher on steady Fed and trade optimism

1 day ago
No Result
View All Result

Recent Posts

  • European markets open cautiously amid global trade optimism
  • Cocktail of the week: Beach House Falmouth’s the harbour
  • Why 74% of banking customers are ready to leave
  • Bitcoin options could pave the path for new BTC price highs — Here is how
  • ‘Reckless lunatic’: Trump critics flabbergasted by his latest pick for a crucial post

Recent Comments

    Archives

    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022

    Categories

    • Africa
    • AI
    • An diesem Tag
    • Asia
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Blockchain technology
    • Carbon
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Crypto
    • Deutsch
    • Deutsch PR
    • English PR
    • Europe
    • Focus on neobanking
    • Gas
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Japan
    • Lifestyle
    • Market
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • Newshub news
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Solar
    • South America
    • South East Asia
    • Stock of the week
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • WEX
    • Wind

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Recent Posts

    • European markets open cautiously amid global trade optimism
    • Cocktail of the week: Beach House Falmouth’s the harbour
    • Why 74% of banking customers are ready to leave
    • Bitcoin options could pave the path for new BTC price highs — Here is how
    • ‘Reckless lunatic’: Trump critics flabbergasted by his latest pick for a crucial post

    Categories

    • Africa
    • AI
    • An diesem Tag
    • Asia
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Blockchain technology
    • Carbon
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Crypto
    • Deutsch
    • Deutsch PR
    • English PR
    • Europe
    • Focus on neobanking
    • Gas
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Japan
    • Lifestyle
    • Market
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • Newshub news
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Solar
    • South America
    • South East Asia
    • Stock of the week
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • WEX
    • Wind

    Archives

    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    WE/X WE/X WE/X
    newshub

    © 2023-2025
    A part of MSTRpay
    MSTRpay
    Legal & Disclosure

    • Newshub news
    • Markets
    • Investment
    • Fintech
    • Lifestyle

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Please enter CoinGecko Free Api Key to get this plugin works.

    Add New Playlist

    No Result
    View All Result
    • Newshub news
      • Ukraine
    • Markets
      • Africa
      • Asia
      • Australia
      • Central Banks
      • China
      • Commodities
      • Corporate
      • Energy
        • Climate
        • Carbon
        • Coal
        • Disruptive
        • Gas
        • Nuclear
        • Oil
        • Solar
        • Water
        • Waves
        • Wind
        • Renewable
      • South America
      • South East Asia
      • Stock of the week
      • UK
      • US
      • Europe
      • Japan
    • Investment
      • Stock of the week
      • WEX – (Company links takes you to WEX)
        • Alt Kap Holding AB
        • Digital Network Holding, Inc.
        • Fantas-E AB
        • International Clean Energy Inc.
        • Intritum Partner Limited
        • Intritum Recycling GH Limited
        • MSTRpay AB
        • SWAP Services, Inc.
        • TC Unterhaltungselektronik AG
        • Universal Streaming Technologies – USTA
        • VMT Holding, Inc.
    • Fintech
      • AI
      • Banking
      • Blockchain
      • Crypto
      • MSTRpay
      • Neobanking
    • Lifestyle
      • Best chefs
      • Cocktail of the week
      • History
      • Influential women

    © 2023-2025
    A part of MSTRpay
    MSTRpay
    Legal & Disclosure