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November 15, 2022 0 Comments

Twitter Elon Musk Buys The Twitter

“tweets" on Twitter

Foundation

Users submit and engage with messages known as “tweets” on Twitter, a microblogging and social networking website owned by the American corporation Twitter, Inc. Only a few public tweets can be read by unregistered users. Registered users, however, can post, like, and retweet tweets. Users can interact with the service through front-end apps for mobile devices, a web browser, or programmatically using Twitter’s APIs. Services were available by SMS until April 2020. The character limit for tweets written in languages other than Chinese, Japanese, and Korean (CJK) was raised to 280 in November 2017. Most accounts still limit video tweets to 140 characters and 30 seconds of audio

“tweets" on Twitter

Musk's Offer

Elon Musk’s $44 billion offer to take over Twitter was approved by the board of directors on April 25, 2022, making it one of the most important business deals to ever take a company private. Odeo completed the sale on October 27, after a lengthy period of debate and legal wrangling. The board members of the company convened a “daylong brainstorming session” credited with giving birth to Twitter. When he was still an undergraduate at New York University, Jack Dorsey pioneered using an SMS service to interact with a small number of people. Twitter was the service’s first project code name; Williams later credited Noah Glass with coming up with the concept, which was influenced by Flickr and American SMS short codes’ five-character limit.

Changing The Name

Six months after the service’s inception as Twitter, the team decided to change the name to Twitter. Part of the reason for the change was that twitter.com becomes more popular, having previously been registered by another person. Initially, “10958” was planned to be the shortcode for the SMS text messaging service. Still, the developers ultimately decided against it in favour of “40404” because of its “ease of use and inexorability.” The initiative got underway when the first tweet was posted by Dorsey on March 21, 2006, “just setting up my Twitter,” at 12:50 p.m. PST (8:00 a.m. UTC). Dorsey has revealed the origin of the name “Twitter”.
Odeo was founded by contractors Florian Weber and Jack Dorsey, they used the first version of Twitter; on July 15, 2006, they unveiled the entire version to the general audience.  In 2006, Evan Williams, Biz Stone, Dorsey, and other members of Odeo founded Obvious Corporation and bought Odeo from its investors and stockholders along with all of its assets, including Odeo.com and Twitter.com.  Williams dismissed Evan Glass, who until 2011 kept quiet about his involvement in the founding of Twitter. In April 2007, Twitter became a separate company. Williams gave insight into the ambiguity that characterised this early stage in a 2013 interview.

Convention

The turning point in Twitter’s expansion occurred at the 2007 South by Southwest Interactive (SXSWi) conference. As Newsweek’s Steven Levy reported, “the Twitter crew cleverly installed two 60-inch plasma panels in the conference hallways, only broadcasting Twitter updates.tweets on Twitter usage increased throughout the event from 20,000 to 60,000 tweets per day.’’ Hundreds of conference attendees constantly communicated with one another via Twitter. Panelists and speakers acknowledged the service, and the attendees’ bloggers praised it.” The conference had an overwhelmingly enthusiastic response. The festival’s Web Award prize was presented to Twitter personnel with the comment, “In no more than 140 characters, we want to express our gratitude.”And we simply did!”

Usage & Records

During significant occurrences, Twitter usage increases. In the thirty-second interval following Japan’s goal against Cameroon on June 14, 2010, a record of 2,940 tweets per second was set during the 2010 FIFA World Cup, record was broken twice more, once after Japan’s World Cup triumph over Denmark, when users uploaded 3,283 tweets per second, and once, in the 2010 NBA Finals on June 17, 2010, after the Los Angeles Lakers victory, when 3,085 tweets per second were recorded.
The United States vs. Japan FIFA Women’s World Cup 2011 final set a new record for tweets per second. On June 25, 2009, Michael Jackson passed away. With 7,119 tweets per second, the 2011 final match between the United States and Japan in the FIFA Women’s World Cup broke the previous record for the most tweets per second. On August 3, 2013, during a Japanese television screening of the film Castle in the Sky, 143,199 tweets were sent per second, breaking the previous record set by only Japan for a similar film’s televised screening of 33,388.

“tweets" on Twitter

Purchasing By Elon Musk

Business tycoon Elon Musk started discussing purchasing Twitter, Inc. the company’s commitment to free expression and whether its moderation rules were hurting democracy in early 2022, expressing his reservations about those issues. Elon Musk reportedly planned significant changes to Twitter’s treatment of spam bots, a more lenient content moderation policy, redesigning its offered services, and cost reductions. Musk said he wanted to make Twitter an “everything app” like WeChat in the long run.

 

“tweets" on Twitter

Dismissing

Musk initially tried to join the Twitter, Inc. Board of Directors by purchasing stock in the company, but the Board came up with a “poison pill” to stop Musk from acquiring had had enough shares. On April 14, 2022, Musk made an impromptu offer to purchase Twitter, Inc. for $43 billion. Despite numerous commercial and legal disputes, Musk finally completed the transaction on October 27, 2022, for $44 billion. Musk sacked the top three Twitter executives right away. He started dismissing roughly half of the company’s 7,500 workers a week later

Check Mark

The “blue checkmark” verification, which was previously only available to well-known confirmed users, was added to Twitter Blue a week after the takeover. Musk also raised the price to $8 per month. Since anybody may pay to be verified through Twitter Blue, this proposal was opposed by various media outlets worried that the possibility of false information would increase. In response, Musk chose to delay the changes to blue checkmarks until after the 2022 American midterm elections. He also declared that accounts that impersonate others, outside of parody accounts, would be closed. Several tweets” on Twitter marketers have recently stopped using the service.

“tweets" on Twitter
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