|San Francisco, California, United States
|21 March 2006
|Jack Dorsey, Biz Stone, Noah Glass, Evan Williams
|Number of Employees:
|United States of America and world
|Products of Company:
|microblogging and social networking service
|Net Worth in 2024:
Twitter is a microblogging as well as social networking site based in the United States that allows users to send and receive messages known as “tweets.” Unregistered individuals can only read messages, but registered users can publish, like, as well as retweet them. Users may access Twitter via its website or even its mobile-device application program (“app”), but the service was also available via SMS until April 2020.
Twitter, Inc. is headquartered in San Francisco, California, as well as has over 25 offices worldwide. Tweets were initially limited to 140 characters; however, in November 2017, this was increased to 280 characters for non-CJK languages. Most accounts also restrict audio and video tweets to 140 seconds.
Well, how well do you know about Twitter? If not much, we have compiled all you need to know about Twitter’s net worth in 2024, wiki and complete details. Well, if you’re all set, here is what we know about Twitter to date.
In March 2006, Noah Glass, Biz Stone, Jack Dorsey, and Evan Williams founded Twitter, which premiered in July of that year. In 2012, the service managed an average of about 1.6 billion search requests every day, with over 100 million people posting 340 million tweets every day.
It was one of the top ten most-visited sites in 2013 and has been dubbed “the Internet’s SMS.” In the first quarter of 2019, Twitter had over 330 million active users every month. Since the overwhelming majority of tweets are published by a limited number of people, Twitter is a some-to-many microblogging site.
Twitter’s business strategy was unclear initially, as the company’s founders had no intention to make money off banner ads or even subscription fees. Users began to use Twitter more out of interest than something else. However, the organization soon faced a revenue-generating problem, especially since Facebook, the social networking magnate, was already profitable and highly reliant on venture capitalists to finance their business. It was clear at the time that the corporation had launched “promoted tweets” in order to generate revenue.
This was nothing more than Google Adwords-style ads that will feature in search results. When celebrities began to use Twitter, more people began to sign up. To date, celebrity “e-watching” has remained one of the platform’s most popular features, though Instagram seems to have beaten Twitter to it.
Although, over time, the forum began to draw SMEs who used it to support their companies, as well as political parties who utilized it for their campaigns. Barack Obama surpassed his rival, John McCain, in the social media arena during the 2008 US presidential race, accumulating almost four times as many Myspace friends as well as over 20 times as many Twitter followers.
This growth practically guaranteed that prospective candidates’ media campaigns will have a social networking presence. The water landing of the United States Airways Flight 1549 on Hudson River in New York City by a Twitter user (Janis Krums) in 2009 gave the site its first reputation as a channel for spreading news and socially important events. Soon after, in 2009, the hashtag #IranElection became the most famous and trending subject on Twitter.
The friction that ensued after state media outlets announced President Mahmoud Ahmadinejad’s win was tweeted as well as retweeted on users’ walls. On Twitter, supporters of Mir Hossein Mousavi, the opposition candidate, provided real-time alerts on events. The volume of information exchanged was so great that the US State Department asked Twitter to postpone its scheduled maintenance so as not to disrupt the new flow.
And after news organizations were shut down, Twitter managed to spread information through people posting snippets on their walls. Twitter has arisen as a non-traditional form of media with an insurmountable social effect that could be able to bypass government censorship. Twitter has evolved into a news distribution channel.
The web crashed in 2009 after a Georgian economics professor’s tweets about the origins of the 2008 military dispute between Russia as well as Georgia caused users to attempt to navigate the details. The earthquake in Haiti in 2010 reaffirmed Twitter’s position in keeping world news available to all. Many people began fundraising and encouraging them to support the victims, resulting in the Red Cross raising over $8 million in less than 48 hours. Twitter’s reputation has grown to the point that, by 2013, it was poised to list on the New York Stock Exchange and become a public corporation. It was valued at $31 billion on the open market.
Awards and achievements
On a daily basis, Twitter has 192 million active users. Between the ages of 35 and 65, 63% of all Twitter users around the world. The female to male Twitter usage ratio is about one to two, with 34% of female users as well as 66% of male users.
Net Worth & Earnings of Twitter in 2024
As of 2024, the net worth of Twitter is $35 billion. In the fourth quarter of 2019, $1.01 billion in revenue was provided. It made $885 million in advertising revenue, up 17 percent year over year, with overall ad engagements up 29 percent. The income from mobile networking accounted for 88 percent of the overall advertisement revenue. Twitter’s net worth is estimated to be about $35 billion.
Ad and data licensing are Twitter’s main sources of income. To advertise on Twitter, one may send out a tweet promoting their service or product, the account itself, or a pattern. Advertisements alone account for almost 85% of the sales. The business strategy is either pay per view or pays per post, as it is in most online ads. Businesses should choose the right choice for them. Businesses will also pay a nominal fee to use Twitter’s data for trend analyses and other industry trends derived from messages, user habits, and other events on the site.
Despite becoming the second most popular social networking site, Twitter trails Instagram as well as Snapchat in terms of market capitalization. The platform’s largest market, with $591 million in sales, is the United States. The industry is rising at a rate of 17% per year. The application has been downloaded 11.7 million times on AppStore. Because of the platform’s large user base, the organization has set a daily cap of 2,400 tweets. With Twitter focusing on advertisement sales, the business seems to be on the verge of increasing its profit.