Existing partners Union Square Ventures and Digital Garage also invest more. Twitter announces the closure of its second funding round, welcoming new investors Bijan Sabet of Spark Capital and Jeff Bezos of Bezos Expeditions. The hashtag (#), first proposed by user Chris Messina, debuts on Twitter. The five-million-dollar round values Twitter at $20 million. Twitter announces that it has closed a funding round led by Fred Wilson of Union Square Ventures. Commentator Steven Levy calls this a tipping point for Twitter. Twitter is highly successful at South by Southwest Interactive (SXSW) and gets a major bump in usage from the event. īiz Stone, Evan Williams, Dorsey, and other members of Odeo, form Obvious Corporation and acquired Odeo, together with its assets-including and -from the investors and shareholders. Twitter attempts to have a grand launch at the Love Parade, but gets very little traction there, with only 100 new signups. Twttr renames itself Twitter after purchasing the domain name. The event helps Twitter's team see the potential of Twitter as a way for many people to contribute to the reporting of a live event, each from his or her own vantage point. Twitter users tweet about a mild (4.4 on the Richter scale) earthquake in California. This appears to be the first ever news coverage of Twitter, and a number of people, including Malik himself, have commented on the accuracy (or lack thereof) of its predictions from the perspective of hindsight. Noah Glass tells Om Malik of GigaOm about Twitter (then called twttr), and Malik writes an article about it on GigaOm. Twitter is officially set up and Jack Dorsey sends the first tweet. The idea for the name is attributed to Noah Glass. The name Twitter (spelled twttr at the time and using a green site logo ) is chosen for the service. The original idea is attributed to Jack Dorsey, and called the status concept. Jack Dorsey, Noah Glass, Evan Williams and Biz Stone discuss the idea of using text messaging to share statuses, and decide to work on the project. Odeo's podcasting service is released, with very little public response. Odeo, Twitter's parent company, is started. Commentators note that the "founder's instincts" are influencing the product's new direction. Rather, it seeks to more intelligently help people with the on-boarding process as well as helps seasoned users navigate through what might otherwise be a very messy feed.ĭick Costolo departs Twitter and Jack Dorsey assumes the role of interim CEO. With the launch of features such as Instant Timeline, While You Were Away, Quality Filter, Curator, and Moments, Twitter diversifies beyond just being a reverse chronological stream of tweets by people you already follow. Post-IPO, the company's pace of acquisitions increases dramatically. In November 2013, it has its initial public offering. Twitter announces plans and files relevant legal documents in October 2013 so as to go public. Twitter also announces that it will start allowing for advertising in the form of promoted tweets – "ordinary tweets that businesses and individuals want to highlight to a wider group of users."Įvan Williams steps down as CEO, and Dick Costolo takes over. The first tweet from space occurs during this period. Twitter raises money, gets celebrity endorsements and publicity, and continues to grow rapidly. Jack Dorsey steps down, and Evan Williams takes over as CEO. Twitter grows rapidly under CEO Jack Dorsey, completing two funding rounds and launching official support for hashtags. It grows slowly until March 2007, where usage grows dramatically after it is showcased at the South by Southwest Interactive (SXSW) conference. Twitter launches as a product of parent company Odeo. The history of Twitter can be traced back to a brainstorming session at Odeo. ( August 2022) ( Learn how and when to remove this template message) Several templates and tools are available to assist in formatting, such as Reflinks ( documentation), reFill ( documentation) and Citation bot ( documentation). Please consider converting them to full citations to ensure the article remains verifiable and maintains a consistent citation style. This article uses bare URLs, which are uninformative and vulnerable to link rot.
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