Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Twitter Inc
Companies and corporations

How did Twitter Inc. come into being: business history

14.07.2021
2 min read

Twitter Inc.: from an idea to building a popular social network

The social network Twitter is known all over the world, it is a way of self-expression and conveying its point of view to a huge number of people. The platform is used by famous people, including presidents, billionaires, movie stars. Twitter Inc. managed to create a unique platform for communication, the popularity of which is regularly growing. People publish about 500 million messages on the network every day.
The first tweet on the platform was published in 2006 by the author of Twitter – Jack Dorsey. However, the idea of creating a social network originated in 2004, when two friends made a platform for Odeo podcasts. The startup attracted investors and the development team expanded to include web designer Dorsey. A year later, the platform entered the market, but was not successful, so management decided to change the strategy and commissioned employees to present their ideas. Then Jack told about his concept of short messages, which the team liked, and they took up a new project.
Initially, to publish a message, it was necessary to send it to a number, so the number of symbols was limited. By the way, it remains to this day, only the limit from 160 symbols was increased to 280.
The word twitter means birds’ tweet, but originally the platform was called Twttr, because the domain twitter.com was busy.
The earthquake in San Francisco in August 2006 has brought popularity to the startup. At that time people were searching and sharing information massively, and the audience of the social network was growing. By autumn the managers had bought the domain twitter.com and the name of the platform became the same as we all know it.

Twitter Inc

Originally Odeo was created by Evan Williams and Noah Glass, they remained the company’s managers and Jack Dorsey joined them. Williams bought back the shares from investors, explaining that he wanted to protect the businessmen from losses. Evan became the main holder of the securities and fired Glass.
In 2007, a separate company, Twitter Inc., was created, where Dorsey became CEO and Williams became the head of the board. In 2013, the platform conducted an initial public offering, it became the second largest in the technology segment, the leader was Facebook.
In 2015, the company began to suffer losses, the value of shares was falling, the number of users was declining. However, Twitter managed to survive the crisis, and by 2018 the number of users reached a record high of 336 million people per month.
Donald Trump made a separate contribution to the popularity of the social network. When he came to power in 2017, he began using Twitter as his main platform for communication with the world.
Now the company’s management is focused not on increasing the number of users, but on making profits through advertising campaigns and improving functionality.

Tags: Companies and corporations
0
Previous Post How dangerous a weak dollar is for the global economy: analysis by experts Next Post John Rockefeller: biography of the first dollar billionaire

You Might Also Like

Vodafone
Companies and corporations
Vodafone: European mobile operator
05.11.2022
Toyota Corporation history
Companies and corporations
Toyota Corporation: the main stages of the formation of the brand
09.02.2022
Shiseido cosmetics brand
Companies and corporations
Japanese brand Shiseido: synonymous with elegance and luxury
16.01.2025
Lego Group
Companies and corporations
The Lego Group: the history of the world’s most famous construction toy
29.12.2023
Kering
Companies and corporations
Kering Corporation: how a family business united fashion brands
03.10.2022
Dow Chemical Company
Companies and corporations
Chemical industry giant: The Dow Chemical Company
14.02.2021

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Analysts: Egypt’s economy to continue falling in 2023
  • Field of activity of the American Monsanto Company Corporation

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics