The New Twitter: Under Elon Musk Leadership

 15 total views,  1 views today

Table of Contents

Twitter is a microblogging and social networking service owned by American company Twitter, Inc., on which users post and interact with messages known as “tweets”. Registered users can post, like, and retweet tweets, while unregistered users only have a limited ability to read public tweets. Users interact with Twitter through browser or mobile frontend software or programmatically via its APIs. Before April 2020, services were accessible via SMS. Tweets were initially restricted to 140 characters, but the limit was doubled to 280 for non-CJK language in November 2017. Audio and video tweets remain limited to 140 seconds for most accounts.

Elon Musk & the Twitter
Elon Musk & the Twitter

Twitter was created by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams in March 2006 and launched in July of that year. Twitter, Inc. is based in San Francisco, California and has more than 25 offices worldwide. By 2012, more than 100 million users had posted 340 million daily tweets, and the service handled an average of 1.6 billion search queries. In 2013, it was one of the ten most-visited websites and had been described as “the SMS of the Internet”.By the start of 2019, Twitter had more than 330 million monthly active users. In practice, most tweets are written by a minority of users.

On April 25, 2022, the Twitter board of directors agreed to a $44 billion buyout by Elon Musk, making it one of the biggest deals to take a company private. After a protracted period of controversy and legal battles, the deal closed on October 27, and Elon took over Twitter.

Let’s look at the timeline of Twitter and What it took for this Social Networking Giant to become what it is today!

Twitter Timeline:


“Twitter” Launched

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


Twitter received a $100,000 Series

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.


Hatching Twitter

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.


Twitter was now a mainstream phenomenon.

Twitter’s popularity continued to soar, leading to a high-profile appearance from Williams on Oprah Winfrey’s talk show alongside celebrity Ashton Kutcher.Twitter was now a mainstream phenomenon.


Twitter reached space

Twitter reached space, with NASA Astronaut Timothy Creamer sending the first tweet live from outer orbit.


Twitter became an essential social media tool

Twitter became an essential social media tool used during the Arab Spring, the wave of antigovernmental protests throughout Egypt, Libya and Tunisia. Twitter became a medium to disclose breaking news quickly over the mainstream media.


Twitter’s reach expanded to 200 million active users.

Barack Obama used the platform to declare victory publicly in the 2012 U.S. presidential election, with a Tweet viewed approximately 25 million times on Twitter.


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


Twitter also deemed 2014 the year of the “selfie.”

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


Twitter was starting to look like the runt of the Internet litter.

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.


Twitter was looking to be acquired

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.


Twitter appeared to be on the upswing.

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


Republicans became increasingly vocal

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 apparent political bias by Twitter and other social media sites.


Underscoring the cultural power of Twitter

Analysts found correlations between President Trump’s voracious use of Twitter and various markets, including gold, underscoring the cultural power of Twitter.


Covid-19 spread across the globe

As Covid-19 spread across the globe, misinformation dominated the 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.


Twitter permanently banned Trump

Twitter permanently banned Trump over inflammatory comments the president made during the U.S. Capitol riots in January. Later, Dorsey suddenly stepped down as CEO and replaced Parag Agrawal, the company’s chief technology officer.


The Tesla CEO agreed in April to pay $44 billion for Twitter

but then attempted to renege on the deal but eventually grabbed it with both hands.

The World’s richest man, known for his aggressive strategies, would be the one to decide Twitter’s Timeline henceforth. The recent developments are not so encouraging with hashtags like #goodbyetwiitter , #riptwitter trending on Twitter.

 16 total views,  2 views today

Blog Author:

More Blogs: