Hey Twitter Happy Birthday to you

Posted on Mar 21 2011 - 3:01pm by Huzoor Bux

It’s officially been five years since the very first tweet was sent by Twitter co-founder Jack Dorsey. The message, which read simply “just setting up my twttr,” has since been followed by some 30 billion 140-character-or-less musings as Twitter has catapulted into the upper echelon of consumer web companies.

With a valuation said to be approaching $10 billion, the Twitter of today is very different than the Twitter of five years ago (or even one year ago for that matter).

Once often criticized by the mainstream media for being mundane and trivial, the service often plays a major role in world events (and serves as a source for said media). It’s also gotten more than a few people fired.

Once questioned relentlessly about how it would make money, some estimates peg the company’s 2011 revenue at $150 million as its advertising platform continues to evolve.

And once the center of an ecosystem of hundreds of different clients and third-party applications, Twitter now finds itself at odds with many of the developers that helped propel the feature-light startup in its early days, as it builds its own apps across platforms.

What does the next five years hold for the company? While rumors of an exit to the likes of Google or Microsoft persist, its executives maintain incredibly lofty ambitions, with recent sound bites including co-founder Evan Williams declaring that the service will get to one billion users, and CEO Dick Costolo comparing the service to an essential utility, like water.

What are your predictions for Twitter’s next five years? Let us know in the comments.

 

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