Twitter, Inc. | Solutional Webdesign Antwerpen

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Twitter^[2], Inc. is a prominent social networking service^[1], established in 2006 by founders Dorsey, Glass, Stone, and Williams. The platform allows users to post and interact with messages, known as “tweets,” that can include texts, images, and videos. Twitter became a separate entity in April 2007, and its user base expanded rapidly, reaching 200 million by 2012. Notably, in 2022, entrepreneur Elon Musk acquired a significant stake in the company and implemented several changes, including delisting Twitter stock and assuming the role of CEO. However, Twitter has faced several challenges, including financial difficulties, advertiser backlash, and legal issues, particularly after Musk’s takeover.

Terms definitions

1. ↑ social networking service.

1 Social networking services are online platforms designed to foster social interaction beyond physical boundaries. These services come in various formats, with diverse features that allow users to share ideas, images, videos, and events. They are categorized into different types including platforms for socialization, online social networks, non-social communication networks, social navigation, and those that aim to standardize services. The growth and impact of these services have been significant; for instance, there was a notable increase in social media users in India in 2013, and 73% of U.S. adults utilized social-networking sites in the same year. The power of social media lies in its ability to connect people based on shared interests, fostering cooperation and altruism. Furthermore, these platforms have greatly influenced various aspects of society including employment, news consumption, purchasing decisions, and mental health. Emerging trends in the field include real-time web, location-based services, business-tech integration, and niche networks. Social networking services are also being used in professional and educational contexts, providing a platform for knowledge sharing and fostering online social connectedness and well-being.

2 Social networking services are digital platforms that enable the creation and maintenance of social relationships online. These services come in a variety of formats and offer different features, ranging from sharing digital content to creating global links. They serve multiple purposes, including socializing, professional networking, and navigating social connections. The growth of these services has been impressive, impacting societies worldwide by fostering global communication and influencing various aspects of daily life. As technology evolves, so do social networking services, with a shift towards mobile accessibility and real-time web services. They have found application in various fields, from business to education, promoting collaboration, learning, and professional networking. Despite their wide use, issues such as privacy and misuse of personal information remain a concern, necessitating the implementation of regulations and investigations.

2. ↑ Twitter ( Twitter )

1 Twitter is a widely used social networking platform, established in San Francisco, California in March 2006. The platform allows users to share messages, known as tweets, along with images and videos. It has undergone numerous transformations, including new features, interfaces, and ownership changes. Renowned for its user engagement, it reached 200 million active users monthly in 2012 and over 330 million in 2019. The platform has faced criticism for enabling the spread of disinformation, leading to the marking of misleading tweets. In October 2022, entrepreneur Elon Musk acquired the company, later rebranding it as "X. Despite some challenges, Twitter remains a significant player in the realm of social media.

2 Twitter, often referred to as a microblogging platform, is a widely-used social media network that was founded in San Francisco, California in March 2006. It was initially code-named 'twttr' and spun off as a separate entity in April 2007. The platform enables users to post short messages, known as tweets, and share multimedia content like images and videos. It also offers features like direct messaging, video and audio calling, bookmarks, and lists. Twitter has faced several controversies, including allegations of enabling the spread of disinformation and hate speech. However, it remains popular, with over 330 million active users by 2019. In 2022, entrepreneur Elon Musk acquired Twitter and subsequently rebranded it to 'X' in 2023.

Glossary

Twitter, Inc. (Wikipedia)

Twitter, Inc. is an American social media company based in San Francisco, California, which operated and was named for its flagship social media network prior to its rebrand as X. In addition to Twitter, the company previously operated the Vine short video app and Periscope livestreaming service. In April 2023, Twitter merged with X Holdings and ceased to be an independent company, becoming a part of X Corp.

Twitter, Inc.
Logo used from 2012 to 2023
Market Square, the company's headquarters in San Francisco, January 2023
Company type	Private
Traded as	NYSE: TWTR (2013–2022)
Industry	Social media
Predecessor	Obvious Corporation
Founded	April 2007; 17 years ago (2007-04) at San Francisco
Founders	Jack Dorsey Noah Glass Biz Stone Evan Williams
Defunct	April 2023; 1 year ago (2023-04)
Fate	Acquired by Elon Musk and transferred into X Corp.
Successor	X Corp.
Headquarters	San Francisco, California , United States
Area served	Worldwide
Key people	Elon Musk
Services	Twitter Vine (discontinued) Periscope (discontinued)
Revenue	US$5.1 billion (2021)
Operating income	US$−493 million (2021)
Net income	US$−221 million (2021)
Total assets	US$14.1 billion (2021)
Total equity	US$7.3 billion (2021)
Number of employees	c. 1,000 (2023)
Parent	X Corp.

ASN	13414

Website	about.twitter.com
Footnotes / references

Twitter was created by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams in March 2006 and was launched that July. By 2012^[update], more than 100 million users tweeted 340 million tweets a day. The company went public in November 2013. By 2019^[update], Twitter had more than 330 million monthly active users.

On April 25, 2022, Twitter agreed to a $44 billion buyout by Elon Musk, CEO of SpaceX and Tesla, one of the biggest deals to turn a company private. On July 8, Musk terminated the deal. Twitter's shares fell, leading company officials to sue Musk in Delaware's Court of Chancery on July 12. On October 4, Musk announced his intention to purchase the company as he had agreed, for $44 billion, or $54.20 a share; the agreement closed on October 27.

Following Musk's takeover, Twitter was criticized for an increase in hate speech, as well as for perceived systemic prioritization of right-wing content. His acquisition of the company has been characterized by large-scale policy changes, mass layoffs and resignations, and a dramatic shift in the company's work culture.

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