Whenever we check a social media platform or a website, there are always some questions on the rise. One of those is the question of ownership and the actual goal of the platform. There are different types of goals for different platforms. Some platforms focused on profit others may focus on user-generated content sharing or spreading ideas.
From this perspective, it would be safe to say that the platforms gain their personalities from their creators. That’s why it is important to know who owns the platform that we are using. In this article, we will discuss one of those platforms in general and from an ownership perspective. Let’s go ahead and discuss who owns Twitter.
What Is Twitter?
Twitter (X) is a trending social media platform that lets people share ideas and upload images and videos in a timeline. What makes Twitter different from the other platforms is the timeline. Twitter is fast, and from the common voice perspective, it is more democratic and free. People can share different ideas and tell different stories on the platform. Companies can use different advertising options to meet their audience.
The platform itself is a “microblog” in which people can publish different content in up to 10000 characters, according to Twitter Support. The platform also supports different content types, such as audio and video files. With its timeline, Twitter can keep itself always up-to-date, which makes it a good platform for keeping news, learning different ideas from different people (such as leaders or political party members), following celebrities and artists, or being updated on recent events such as disasters.
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Who Owns Twitter (X)?
Twitter is a publicly traded company with a complex ownership structure. Twitter’s ownership is distributed among numerous institutional and individual shareholders. The largest shareholders include investment management firms, mutual funds, and other financial institutions. One significant group of shareholders is composed of institutional investors. These investors are Vanguard Group, BlackRock, and Morgan Stanley. Then, Elon Musk bought Twitter on April 14, 2022, for 44 billion dollars, and he is still the most significant partner. If you are curious about how does Twitter make money. Now, Twitter is operated by American Company X Corp.
CEOs of Twitter
Here is the list of CEOs of Twitter from the past to the present.
- Jack Dorsey (2006-2008)
- Evan Clark Williams (2008-2010)
- Dick Costolo (2010-2015)
- Jack Dorsey (2015-2021)
- Parag Agrawal (2021-2022)
- Elon Musk (2022-2023)
- Linda Yaccarino (2023-)
Elon Musk announced that Linda Yaccarino is the new CEO on May 12. Then, Elon Musk will continue as CTO and chairman of Twitter.
How Old Is Twitter?
Twitter was released in 2005 by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams. The first tweet on the platform was pretty modest. Dorsey tweeted as “just setting up my twttr” in 2009. After that, the US astronauts Nicola Stott and Jeff Williams twitted the first tweets from space. In order to stand out more in an application that is so popular, you can buy real Twitter followers.
Conclusion About Twitter’s Owners
Twitter is a vast universe where people can share their ideas. It is important to know who owns the platform and its history. Currently, there are three shareholders, but in 2013 the company became a public company, so everyone can hold a share on Twitter and become one of the owners of the platform.