Who Owns Twitter? A Brief History of the Company
Twitter is one of the most popular social media platforms, and it has changed the way people communicate online. Millions of people use Twitter every day to share their views, connect with friends and family, and keep up with the latest news and trends. But who actually owns Twitter and how did it come to be such an influential company?
The History of Twitter
Twitter was founded in 2006, and it was the brainchild of four individuals, namely Jack Dorsey, Biz Stone, Evan Williams, and Noah Glass. The initial idea behind Twitter was to create a platform where people could communicate with each other using short, 140-character messages, known as tweets.
The founders of Twitter wanted to create a platform that would simplify communication and help people stay connected in a fast-paced, digital world. Initially, there were only a few users, but the platform quickly gained popularity and started to attract a lot of attention from investors.
In 2007, Twitter was officially launched, and it gained millions of users within a year. The platform became a popular tool for celebrities, politicians, and business professionals, who used it to connect with their followers and share news and updates.
In 2013, Twitter went public, and its shares were listed on the New York Stock Exchange (NYSE). The initial public offering (IPO) of Twitter was one of the most highly anticipated events in the tech world, and it valued the company at over $18 billion.
Who Owns Twitter?
Twitter is a publicly-traded company, which means that it is owned by its shareholders. The largest shareholder of Twitter is Jack Dorsey, one of the co-founders of the company. Dorsey owns about 2.3% of the company’s shares, which may not sound like a lot, but given that Twitter is worth over $50 billion, this stake is worth more than $1 billion.
Other major shareholders of Twitter include Vanguard Group (8.09% ownership), Morgan Stanley (5.24% ownership), and BlackRock (5.08% ownership). Overall, Twitter has many shareholders, and the ownership of the company is distributed among many different individuals and institutions.
In addition to its shareholders, Twitter also has a board of directors, which is responsible for making key decisions about the company’s strategy and direction. The current members of the board of directors include Jack Dorsey, Omid Kordestani, Patrick Pichette, Martha Lane Fox, Bret Taylor, and Jesse Cohn.