Twitter is now owned by Elon Musk — here is a short historical past from the app’s founding in 2006 to the current


On this photograph illustration, former U.S. President Donald Trump’s archived Twitter account is proven on a telephone display screen with the Twitter emblem within the background.

Sheldon Cooper | Lightrocket | Getty Photos

A decade in the past, Twitter’s future was trying brilliant. The corporate was benefiting from a flood of funding into the social-networking house, finally resulting in an IPO in 2013 that raised $1.8 billion.

Now the corporate is again in non-public arms. And so they occur to be the arms of Elon Musk, the richest individual on the earth and one of many app’s most high-profile provocateurs.

It is a huge second. Twitter has change into a key place for folks to debate, joke and hold forth in their very own circles of politics, sports activities, tech and finance. It is also served as a platform that offers voice to the unvoiced, serving to protesters set up and categorical themselves in repressed regimes world wide.

In recent times, nonetheless, Twitter and social media rivals like Fb have been on the middle of controversy over the distribution of pretend information and misinformation, typically resulting in bullying and violence.

Buyers had grown involved about Twitter as a enterprise. The corporate was usually unprofitable, struggled to maintain tempo with Google and Fb, and sometimes killed well-liked merchandise with no actual clarification.

What follows is a short historical past of Twitter, which — regardless of its many flaws — is without doubt one of the most iconic firms to return out of Silicon Valley previously 20 years.

2006

In March, Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams created Twitter, which was initially a facet mission stemming from the podcasting instrument Odeo. That month, Dorsey would ship the primary Tweet that learn, “simply organising my twttr.”

2007

In July, Twitter obtained a $100,000 Sequence A funding spherical led by Union Sq. Ventures. The app’s reputation began to blow up after being closely promoted by the tech neighborhood through the annual South by Southwest convention.

2008

Dorsey stepped down as CEO in October, and was changed by Williams. In keeping with the e-book “Hatching Twitter” by journalist Nick Bilton, Twitter’s board fired Dorsey over issues in regards to the govt’s administration fashion and public boastings.

2009

Twitter’s reputation continued to soar, resulting in a high-profile look from Williams on Oprah Winfrey’s speak present alongside superstar Ashton Kutcher. Kutcher would additionally write about Williams and Stone as a part of Time Journal’s Time 100 situation. Twitter was now a mainstream phenomenon.

2010

Twitter reached house, with NASA Astronaut Timothy Creamer sending the primary tweet dwell from outer orbit. Behind the scenes, nonetheless, administration woes continued with Williams stepping down as CEO, changed by working chief Dick Costolo.

2011

Twitter turned a necessary social media instrument used through the Arab Spring, the wave of antigovernmental protests all through Egypt, Libya and Tunisia. Protesters used the positioning to put up experiences and to arrange. Because the Pew Analysis Heart famous, Twitter’s position in “disseminating breaking information” was not “not restricted to the Arab uprisings – the loss of life of Whitney Houston, for instance, was introduced on Twitter 55 minutes previous to the AP confirming the story.”

2012

Twitter’s attain expanded to 200 million energetic customers. Barack Obama used the “platform to first declare victory publicly within the 2012 U.S. presidential election, with a Tweet that was seen roughly 25 million instances on our platform and extensively distributed offline in print and broadcast media,” based on company filings.

2013

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

“I believe we have got an incredible set of ideas and techniques to extend the slope of the expansion curve,” Costolo advised CNBC on the time. “I might take into account a few of them ways, a few of them broader methods, in service of doing what I known as bridge the hole between the huge consciousness of Twitter and deep engagement of the platform.”

2014

Slowing consumer development led to a number of inventory drops and analyst downgrades. Twitter additionally deemed 2014 the 12 months of the “selfie.”

2015

In comparison with rivals like Google, Fb, and even LinkedIn, Twitter was beginning to appear to be the runt of the Web litter. Twitter was nonetheless unprofitable as its advert enterprise struggled mightily towards its bigger opponents. Dorsey would additionally return as CEO of the firm, whereas nonetheless sustaining the highest job at his different firm, Sq. (now Block).

2016

Rumors started circulating that Twitter was seeking to be acquired, with Salesforce as a possible suitor. In the meantime, Twitter and Fb have been criticized for his or her position in letting outstanding customers like Donald Trump, who would win the U.S. presidential election that 12 months, unfold deceptive data with out consequence.

“Having the president-elect on our service utilizing it as a direct line of communication permits everybody to see what’s on his thoughts within the second,” Dorsey mentioned on the time. “We’re positively coming into a brand new world the place every thing is on the floor and we will all see that in actual time and we will have conversations about it.”

2017

For a second, Twitter seemed to be on the upswing. Its inventory was lastly trending upward as the corporate’s funds have been bettering. In the meantime, Trump as president continued to make use of Twitter as his megaphone. In keeping with Twitter’s personal knowledge, “Trump was the most-tweeted-about international chief on the earth and in the US” that 12 months, CNBC reported.

2018

Dorsey and Fb’s then-operating chief Sheryl Sandberg testified earlier than the Senate Intelligence Committee about alleged interference by Russia-linked actors within the 2016 election. Trump and fellow Republicans turned more and more vocal about alleged political bias by Twitter and different social media websites.

“In truth, from a easy enterprise perspective and to serve the general public dialog, Twitter is incentivized to maintain all voices on the platform,” Dorsey mentioned on the time.

2019

Analysts discovered correlations between President Trump’s voracious use of Twitter and varied markets, together with gold, underscoring the cultural energy of Twitter. Trump met with Dorsey — a Twitter spokesperson mentioned “Jack had a constructive assembly with the President of the US at present on the president’s invitation.”

“They mentioned Twitter’s dedication to defending the well being of the general public dialog forward of the 2020 U.S. elections and efforts underway to answer the opioid disaster,” the spokesperson mentioned.

2020

As Covid-19 unfold throughout the globe, the unfold of misinformation dominated the net dialog. And Twitter continued to wrestle to develop its enterprise. The service was additionally hacked that 12 months, and miscreants gained entry to over a dozen high-profile accounts, together with these managed by Joe Biden, Jeff Bezos, and Musk

2021

Twitter completely banned Trump over inflammatory feedback the president made through the U.S. Capitol riots in January that the corporate mentioned may result in “additional incitement of violence.” Trump would allege that Twitter employees “coordinated with the Democrats and the Radical Left in eradicating my account from their platform, to silence me.” Later, Dorsey out of the blue stepped down as CEO and was changed by Parag Agrawal, the corporate’s chief expertise officer.

2022

Musk took over Twitter after a protracted authorized spat that might have culminated this week in a trial in Delaware’s Courtroom of Chancery. The Tesla CEO agreed in April to pay $44 billion for Twitter, however then tried to renege on the deal. He modified course and opted to proceed, strolling into the corporate’s San Francisco workplace on Wednesday with what seemed to be a porcelain rest room sink in his arms.

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

Musk instantly started making modifications, firing Agrawal, finance head Ned Segal, and head of authorized coverage Vijaya Gadde.

WATCH: Billionaire Elon Musk steps into Twitter HQ, sink in hand

Billionaire Elon Musk steps into Twitter HQ, sink in hand





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