What started as a side project in
2006, created a frenzy on Wall Street today as investors were quick to
snap up Twitter shares.
Twitter Inc, the 140-character
messaging service favored by everyone from the Pope to U.S. President
Barack Obama, began as a side-project but rapidly morphed into one of
the most powerful social and cultural media forces of our time.In its market debut on Thursday, Twitter soared as much as 92 percent as investors snapped up shares in the microblogging site in a frenzy that recalled the days of the dot-com bubble.
Here are some milestones in Twitter's growth:
March 21, 2006: Co-founder Jack Dorsey sends the first tweet: "just setting up my twttr."
Twitter is a side project within Odeo, a struggling podcasting company where Dorsey worked as a software engineer alongside Twitter co-creators Noah Glass and Biz Stone. The length of tweets are capped at 140 characters in order to include a user's name and still fit within the 160-character SMS messaging format used by mobile phones.
Oct. 25, 2006: Evan Williams, CEO of Odeo, forms a company called Obvious Corp, which acquires all of Odeo's assets, including Twitter.
March 2007: Twitter stages a big promotion at the South by Southwest conference in Austin, Texas, lining the hallways with flat-screen panels that display a constant stream of Twitter messages. The service gains a loyal following among influential bloggers and tech enthusiasts that will prove key to its future growth.
April 2007: Twitter is spun out as a separate company, with co-founders Dorsey, Williams and Biz Stone. Dorsey is appointed CEO.
Source : MSN News
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