Find out who owns Twitter – and when the platform was first founded
Ahhh, Twitter. Love it or hate it, the platform certainly gets people talking.
Not only do the tweets posted by some of Twitter’s 219 million active daily users cause the odd stir, but so do the inner workings of the social media company itself.
Case in point: 9% shareholder Elon Musk’s recent £31.5 billion takeover offer, after it was revealed he did not agree to a deal that would put him on Twitter Inc’s board of directors.
So, who currently owns the company? And when was it first founded? Here’s what you need to know.
Who owns Twitter now?
Essentially, Twitter Inc. is owned by lots of shareholders – so no one person owns the entire company.
It’s a ‘public’ company, as its shares are available for anyone (with enough money) to buy on the stock exchange – whereas just a few individuals or groups owning it would make it ‘private’.
The group with the highest stake, according to the Wall Street Journal, is Vanguard Group, an American investment company that is one of the world’s biggest.
As of April 15, Vanguard Group is believed to own some 82.4 million shares, which works out as 10.3% of the company.
The second-largest shareholder is Elon Musk, currently the world’s richest person. His 73.5 million shares amount to owning 9.2% of Twitter Inc.
What other shares remain belong to myriad financial groups, including Morgan Stanley and BlackRock Inc.
And original co-founder and former Twitter CEO Jack Dorsey currently owns 2.25% of Twitter.
Current CEO Parag Agrawal will also own some shares, according to Moneycontrol.
When was Twitter founded – and who created it?
Twitter is, believe it or not, 16 years old, having first been created in 2006.
The first tweet was shared on March 21 of that year by co-founder Jack Dorsey – it read, ‘just setting up my twttr’.
Fellow co-founder Williams was CEO from 2008 to 2010, before Dick Costolo, then Twitter’s Chief Technology Officer, became CEO until 2015.
Biz Stone, meanwhile, also co-founded Medium.com, while Noah Glass founded now-defunct podcast company Odeo.
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