As the popular social media platform prepares to fly the nest, we take a look back at some of Twitter’s milestone moments.
Last month, Twitter filed confidential initial public offering (IPO) papers with the SEC to start the process of going public. Those documents have now been unsealed and Twitter says it hopes to raise up to $1bn for its initial public offering of stock.
Suffice to say the ‘SMS of the Internet’ has proved extremely popular since its birth in 2006. At the end of June, Twitter had more than 215 million active users. Last year, the company more than doubled its total income from 2011, and its expansion plans have seen huge growth in staff across Europe, with many based at the regional headquarters in Dublin.
But the benefits of Twitter far exceed being a platform for intelligent communication and a beacon of information. It has become a hotspot for user stalking and, perhaps most enjoyably, the place where celebrities like to air their dirty laundry. Let’s take a look at a few key moments that had led to its substantial growth.
1) March 2006 The world’s first tweet Twitter.
Co-founder Jack Dorsey (@jack) tweets: "just setting up my twttr" on March 21, 2006. The team finally settled on the name ‘twitter‘, in essence ‘a short burst of inconsequential information’
2) December 2006 First person fired on Twitter
The unlucky employee was Sam Sethi, a TechCrunch writer who got fired from Arrington for not removing post comments.
3) March 2007 Twitter usage increases from 20,000 tweets per day to 60,000 at the SXSW) Festival
The 2007 South by Southwest (SXSW) festival was a pivotal point in Twitters’ life when tweets per day tripled.
4) May 2007 Twitter gets a mobile site and an @replies column
The first mobile site for the company and the introduction of the “Block” feature. The @replies column was also introduced. Followers and #hashtags went live later this year.
5) June 2007 Dell joins Twitter
The IT firm’s participation in the online platform brought it into the realm of commerce and paved the way for other businesses.
6) January 2010 The first un-assisted off-Earth tweet
This is posted from the International Space Station by NASA astronaut T.J.Creamer
7) February 2010 Usage hits 50 million tweets per day
Twitter reveals its staggering usage figures to the world
8) October 2010 Former COO Dick Costello is named CEO
Former chief Evan Williams steps down and says he will stay with the company and “be completely focussed on product strategy”
9) September 2011 Twitter establishes European HQ in Dublin, Ireland
The firm has since announced its plans to double its Irish workforce.
10) October 2012 Twitter makes IPO filing public
The company has not yet revealed which stock exchange (the Nasdaq or New York Stock Exchange) it has chosen but the company plans to list under the stock symbol TWTR. Goldman Sachs is the lead bank taking the company public. Other banks helping with the offering are Morgan Stanley, JP Morgan, BofA Merrill Lynch, Deutsche Bank Securities and CODE Advisors.