On this day, fifteen years ago, Twitter was founded by Jack Dorsey who posted his first-ever tweet that read “Just setting up my twttr” and today, the company is celebrating its 15 successful years. Initially, the company allowed its users to post tweets having 140 characters only which is now doubled but, the tech giant was able to take the entire internet by storm as more and more people joined the platform. The speedy gain of followers helped the company reach its 100-million users' milestone by 2011.
Twitter was having the best time in the industry and even got a successful IPO but, right after the success, everything started to turn upside down. The user base of Twitter started to shrink drastically with money bleeding off. By 2015, the company’s share prices started tapering off which made the people sense that Twitter won’t be able to match the success of Facebook and rightfully so, Twitter still couldn’t emulate.
As compared to Facebook’s 15 anniversary, which was celebrated more than two years ago, the social media giant was standing a whole different level than Twitter currently is at in every single aspect. The infographic below reveals how Twitter and Facebook differ in their financial metrics such as revenue, daily active users, employees and net profit/loss both at their 15th birthday.
Almost all the investors have agreed to the fact that Twitter can never be another Facebook in fact the application will be a go-to platform for live commentary, news, discussions, and other entertainment stories. Twitter has seen a massive shift in its shares i.e., 400 percent up from its ground-touching records in May 2016.
Infographic by: Statista.com