July 15, 2006: Twitter Launches to the Public, Transforming Social Media

Author:
Publish date:
Video Rating:
TV-G
Video Duration:
1:08

From idle hobby to an up-to-the-second news source transcending political borders, Twitter  (TWTR) - Get Report is the poster child of a tech money machine.

Twitter's origins lie in a 2006 "daylong brainstorming session" that was held by Evan Williams and his podcasting company Odeo.

The group included Williams, Noah Glass, Biz Stone and Jack Dorsey, who introduced the idea of a person using an SMS service to communicate one's "status."

The first tweet was posted by Dorsey on March 21, 2006 and read "just setting up my twttr." Dorsey has said the name Twitter comes from "'a short burst of inconsequential information,' and 'chirps from birds'. And that's exactly what the product was."

The full version of Twitter was introduced publicly on July 15, 2006.

During the 2007 South by Southwest Interactive conference, Twitter usage increased from 20,000 tweets per day to 60,000. And it took off from there.

Twitter released its IPO in 2013 with a valuation of over $25 billion.

President Obama’s win of the 2008 U.S. presidential election ensured that future candidates would include social networking as part of their strategies.

It wasn’t all smooth sailing. In 2019, Twitter revealed data showing thousands of fake accounts that are linked to foreign governments like Iran and Russia.

Today, Twitter hosts an average of 6,000 tweets per second, around 500 million tweets per day.

Watch More Videos From TheStreet and Jim Cramer: