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X (formerly Twitter)

X (formerly Twitter)227 posts

X, formerly known as Twitter, is an online service that lets users send and read short messages. The site is used by celebrities, brands and journalists to distribute news directly to their fans. The site was launched in July 2006 by Jack Dorsey, Evan Williams, Biz Stone and Noah Glass. The company was listed on the New York Stock Exchange on November 7, 2013. The company was purchased by Elon Musk, for $44 billion, in September 2022 and rebranded as X on July 24, 2023.

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16 Oct, 2008

Steps down as CEO

Jack Dorsey0 Comments

Dorsey steps down as CEO of Twitter. Co-founder and former Chairman Evan Williams takes his place. Williams makes a post on Twitter’s blog:

While the board of directors and the company have nothing but praise for where Jack has taken us, we also agree that the best way forward is for Jack to step into the role Chairman, and for me to become CEO. Jack will remain on the board and be closely consulted for all strategic decisions, while I take on day-to-day operations with the support of Biz, Jason, Greg, and the rest of this impressive Twitter team.

Jul 2007

Invests in Twitter

Marc AndreessenRon Conway0 Comments

Twitter announces a round led by Union Square Ventures and including Conway, Andreessen, and others. It doesn’t disclose the funding amount or valuation. Twitter:

Twitter has had such an awesome start and now we’re even more excited to keep up the momentum. We’re very much looking forward to building a strong and sustainable company.