Will Twitter last another 10 years?
#LoveTwitter: this is your invitation code to the tenth anniversary celebration of the world’s second most popular social networking site.
On March 21, ten years ago, Twitter began its journey as its co-founder Jack Dorsey posted the first tweet ever: “just setting up my twttr.”
The micoblogging site has since come a long way, with its users creating 500 million tweets per day and 200 billion tweets every year.
The company went public in late 2013 and reported $710m in revenue for the full year of 2015.
It hosted some of the biggest social movements in the past decade across the world. It was in Mumbai when the city was under attacks in 2008, it gave voice to the protesters when the Arab Spring lashed in the Middle East and became the assembly point when major calamities struck and accidents occurred.
Slowing user growth
It now has 320m active users and is still growing, but at a rather slow rate, a thing that Twitter really needs to worry about.
Its monthly active users (MAUs) excluding SMS-only users were 305m for the fourth quarter, down from 307m in the previous quarter. The figure, against Facebook’s 1.5bn members, was far below of analysts’ prediction of 323m users.
However, Twitter has faith in its CEO Jack Dorsey, who rolled out “Moments” last year, a feature that helps users as well as brands curate the best of tweets, videos and images.
“It feels great that we have clarity around where we’re going and what we look like at the end of the year and how to build off that,” said Dorsey in an interview given to Bloomberg.