Article
May 29, 2022
Twitter (English: [ˈtwɪtər], initially called Twttr: "to tweet") is a social network and microblogging service, which allows users to send and receive personal updates from other contacts (in texts of up to 280 characters, known as "tweets "), through the service's website, by SMS and by specific management software. Updates are displayed on a user's profile in real time and also sent to other following users who have signed up to receive them. Updates to a profile take place via the Twitter website, by RSS, by SMS or a specialized management program. The service is free over the internet, however, using the SMS feature may be charged by the telephone operator. Twitter was created in March 2006 by Jack Dorsey, Evan Williams, Biz Stone and Noah Glass and was launched in July 2006 in the US. The founders' initial idea was for Twitter to be a kind of "Internet SMS" with the limitation of characters in a cell phone message. Initially called Twttr (vowelless), the name of the social network, in English, means to chirp. The idea is that the user of the social network is "cheering" through the internet. Since its inception, Twitter has gained extensive notability and popularity across the world. It is sometimes described as the "SMS of the Internet". on the Stock Exchange, also known as an IPO (Initial Public Offering). On November 7, 2013, Twitter made its debut on the New York Stock Exchange. All 70 million shares placed on the market were sold. Its value reached up to 90% high in relation to the value initially stipulated at the opening of the trading session. At the time, the company raised US$ 1.82 billion in the market and was valued at US$ 24.57 billion. In April 2022, it was purchased by Elon Musk, CEO of SpaceX and Tesla, Inc. for 44 billion dollars. The company will no longer be traded on the stock exchange.