The Twitter saga: From Jack Dorsey's first tweet to $43bn bid by Elon Musk
Updated: Apr 25, 2022, 08:28 PM(IST)
The internet is abuzz with reports of Tesla chief Elon Musk buying Twitter for a record $43 billion, all payable in cash. According to reports, the management board is set to accept Musk's offer and it will be declared on Monday.
In March 2006, three tech whiz kids and entrepreneurs, Jack Dorsey, Biz Stone and Evan Williams launch Twitter, taking a cue from Flickr—called twttr).
Jack Dorsey set up the first ever Twitter profile and sent out the first Tweet saying: “just set up my twttr”.
By July 15, 2006, Twitter’s microblogging service is officially available to the public. To clear up any confusion, co-founder Biz Stone creates a funny YouTube video to explain what Twitter is.
In October 2006, Williams, Stone, and Dorsey acquire the majority of assets from Odeo's investors and shareholders as the company pivots into Twitter.
Twitter wins 'best startup'
March 2007—Twitter wins "best startup" at South by Southwest, making its first crack into mainstream recognition.
Dorsey becomes CEO
April 2007 — Twitter officially becomes its own company. Co-founder Williams chooses Dorsey as its CEO.
Hashtag makes debut
August 2007 – The hashtag "#" makes its debut, supposedly started by user Chris Messina.
(Photograph:The New York Times)
Twitter gains traction
April 2009 – A Twitter feud erupted between Ashton Kutcher and CNN over who would be the first to reach one million followers, which ultimately Kutcher won. This was followed by Williams appearing on "The Oprah Winfrey Show" to set up her account leading to record-setting rates of new user sign-ups.
Promoted Tweets forays
April 2010—Twitter launched its advertising platform, Promoted Tweets!
5th anniversary of Twitter
March 2011—Twitter celebrates its 5th anniversary, and announces that over 1 billion tweets are sent out every single week.
Twitter bird becomes brand
June 2012— Twitter releases the first glimpse of the new Twitter bird design, which eventually became the most recognised brands in the online world.
Obama announces victory on Twitter
November 2012—Barack Obama is the first president to announce his success in the election on Twitter with this tweet. Obama’s Tweet was the most retweeted Tweet of 2012!
Twitter reaches valuation of $31bn
November 2013—Twitter releases its IPO, starting with a valuation of $31 billion.
Twitter launches 'Like' button
November 2015 – Twitter replaces the favourite button and star symbol with a like button and a heart symbol.
Word count increased
November 2018 – Twitter expands from 140 to 280-word count.
Parag Agrawal becomes the new CEO
November 2021— India-born Parag Agrawal, 37, replaces Jack Dorsey as the new Twitter chief executive officer, becoming the youngest CEO in top 500 companies.
Twitter - Elon Musk
The talks were reportedly accelerated over the weekend after Musk wooed Twitter shareholders with financing details of his offer.