Earlier this year, Twitter started putting some of its users in “time-out” as one of the company’s new measures designed to curb abusive behavior. As spelled out in an email sent to those placed in time- out, Twitter said that “creating a safer environment for people to freely express themselves is critical to the Twitter community.” The email then went on to explain the infraction and the duration of the time-out.
Recently, Twitter gave InforWars’ Alex Jones a weeklong time-out and suggested that additional restrictions to combat the “spread of fake news, misinformation and hate speech” might be on the way. As a publicly traded company, a good question is “what might this mean for Twitter shareholders?”
History of Twitter
Twitter was created in March of 2006 and launched in July of that year. Current CEO Jack Dorsey published the first Twitter message at 9:50 p.m. Pacific Time that read: “just setting up my twttr.”
Dorsey has explained the origin of the “Twitter” title: as follows:
“we came across the word ‘twitter’, and it was just perfect. The definition was ‘a short burst of inconsequential information,’ and ‘chirps from birds’. And that’s exactly what the product was.”
In September of 2013, Twitter announced that it had filed papers in advance of an Initial Public Offering and less than two months later, Twitter shares opened at $26.00/share and closed at $44.90, giving Twitter a valuation of approximately $31 billion.
Fast forward to the summer of 2018, Twitter is trading in the $32 range with a valuation of approximately $24 billion.