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Twitter: The Real Founding Story

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Everything great starts off with that one single “Eureka” moment. Like Newton discovered Gravity when the Apple fell on him, so did Evan Williams, Jack Dorsey and Biz Stone, when they thought of Twitter. The official story of Twitter was that Evan’s came up with the concept in his apartment along with former Google employee, Biz Stone and investor, Jack Dorsey.

While the official story revolves around the three more known founders, one of the main founders, Noah Glass, was left out of the equation. It all began when the four founders started on working on their collaborative venture, Odeo,  in Glass’s apartment. Quite soon, they realised this idea could turn into something bigger and moved headquarters to William’s apartment.

As the idea progressed, so did the office space. Soon, the founders moved into a space for 14 people! In 2005, Odeo’s expansion was halted when Apple announced iTunes. Williams, who by now was Odeo’s CEO, asked his employees for a new direction to salvage the company. That is when Jack Dorsey’s light bulb went on and he came up with a social networking site based on a person’s “status.” Noah Glass developed the concept with Dorsey and presented the idea to the company.

It was over a year after that Williams’ presented the idea of Twitter as a social networking site to his employees. After taking ownership of Odeo, William’s first business decision was to change the name of Odeo to Obvious Corp. His second? To fire Noah Glass! In the initial days, Twitter was known as “twttr.” In fact, Glass was the one who came up with the name Twitter. Before he was fired, of course!

Jack sent the first message on Twitter on March 21, 2006, 9:50 pm. It read, “just setting up my twttr”. During the development of Twitter, team members would often rack up hundreds of dollars in SMS charges to their personal phone bills. While the initial concept of Twitter was being tested at Odeo, the company went through a horribly rough patch. The team was attacked with the brutal reality that Apple had just released its own podcasting platform, which essentially killed Odeo’s business model. It took a while for the realisation to sink in and once it did, the founders decided it was time to buy back the company from their investors.

What started off as 140 characters specific messaging service has now grown to become one of the largest social networking platforms. This user specific service has become so large now, the number of characters increased to 280. Further, users have created their own jargon to get their message across! Back then, no one even imagined that this platform would be worth $ 5 billion.

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14 Comments

14 Comments

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    January 28, 2025 at 8:07 am

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    February 20, 2025 at 6:46 am

    What words… A fantasy

  6. LewisUnete

    February 24, 2025 at 12:15 pm

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    March 15, 2025 at 11:54 am

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    March 21, 2025 at 12:58 am

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    March 29, 2025 at 9:24 pm

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Entrepreneur Stories

Meta’s Upcoming AR Glasses: A Sneak Peek

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Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.

Specifications and Features

The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.

Design and Competition

Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.

Future Plans

In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Nazara Technologies has sold its entire 71.54% stake in Sports Unity Private Limited, the company behind the multiplayer quiz game ‘Qunami’, for INR 7.15 lakh. This divestment, effective March 25, 2025, signifies a strategic shift for Nazara, which had previously acquired a controlling interest in Sports Unity in 2019 for INR 7.5 crore.

The decision to offload the stake comes as Sports Unity has faced financial difficulties, reporting no active business operations and a negative net worth of INR 0.45 crore at the end of FY24. This move aligns with Nazara’s broader strategy to streamline its operations and concentrate on more profitable ventures within the gaming sector.

This sale follows Nazara’s recent divestment of a 94.85% stake in another subsidiary, Open Play, to Moonshine Technologies for INR 104.33 crore. Despite reporting record quarterly revenue of INR 544.7 crore in Q3 FY25, Nazara experienced a 53.5% decline in net profit year-over-year.

Nazara continues to focus on enhancing its portfolio through strategic acquisitions and investments in high-potential gaming platforms while navigating the competitive landscape of the gaming industry.

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