Jack Dorsey, then an undergraduate student, introduced the idea of an individual using an SMS service to communicate with a small group. Twitter's origins lie in a "daylong brainstorming session" held by board members of the podcasting company Odeo. 2006, by Jack Dorsey, envisioning an SMS-based social network ( Discuss) (November 2023)Ģ006–2007: Creation and initial reaction A sketch, c. It has been suggested that this section be split out into another article titled History of Twitter. Fidelity at about the same time estimated the value to be down 65% from its purchase price. In October 2023, the company estimated its value at about $19 billion, down about 55% from the purchase price one year earlier. In July 2023, Musk announced that Twitter would be rebranded to X and that the bird logo would be retired. Linda Yaccarino succeeded Musk as CEO on June 5, 2023, with Musk remaining as Chairman and CTO. A figure closely tied with Elon Musk’s political affiliations. This has received mostly negative reactions, with the first debut of this idea being with the Ron Desantis presidential campaign. With no major features released as of yet, payment processing and other features unrelated to typical social networking, like as seen with WeChat, may be the goal of the acquisition and rebrand of what was historically Twitter. X has been described as turning into a ‘digital town square’ as coined by Elon Musk. Focusing more on automation-allowing Twitter to stop the distribution of material deemed harmful rather than banning or ‘striking’ users outright-this has been praised for less political influence on moderation, but criticised for allowing more abuse to stay on the platform. However, the platform has been embraced by right-wing groups for taking a different approach to content moderation. Since the acquisition, the platform has been criticized for the spread of misinformation and disinformation, facilitating an increase in hate speech, promoting antisemitic conspiracy theories and transphobia. In October 2022, billionaire Elon Musk acquired Twitter for US$44 billion, gaining control of the platform and becoming CEO. As of October 2023, Twitter is the 5th most-visited website in the world with 23.6% of its traffic coming from the United States followed by Japan at 15.94% and the United Kingdom at 5.57% according to data provided by Similarweb. In 2020, it was estimated that approximately 48 million accounts (15% of all accounts) were not genuine people. In practice, the vast majority of tweets are produced by a minority of users. By the start of 2019, Twitter had more than 330 million monthly active users. In 2013, it was one of the world's ten most-visited websites. By 2012, more than 100 million users produced 340 million tweets a day, and the service handled an average of 1.6 billion search queries per day. Its parent company, Twitter, Inc., was based in San Francisco, California and had more than 25 offices around the world. Twitter was created in March 2006 by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams. Although the service is now called X, the primary website address remains as of November 2023, with the x.com domain name redirecting to that address. Posting information to the site is often referred to historically as tweeting, retweeting and quote tweeting/retweeting (depending on the country). Users can vote on context added by approved users using the Community Notes feature. Users can also like, repost, quote repost, comment on posts, direct message, video and audio call, bookmark, join lists and communities, and join public Spaces with other registered users. On X, registered users can post text, images and videos. X, stylized as the mathematical symbol U+1D54F □ MATHEMATICAL DOUBLE-STRUCK CAPITAL X, formerly called Twitter, is an online social media and social networking service operated by the American company X Corp., the successor of Twitter, Inc.
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