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Social Media Today history
Social Media Today company history timeline
David Karp founded it in 2007.
In fact, it had more than three million users after just a few months, and, in 2008, it surpassed the 100 million user mark.
September 2009: Facebook announces that it is cashflow positive for the first time.
Two years later, Myspace became the largest social media platform and it held that title until 2009.
October 2010: Instagram is launched and hits 1 million users by December.
In 2013, the company went public and received a valuation of $14.2 billion.
September 2015: Snapchat introduces its “filters” feature, allowing users to add animal ears and rainbow puke to their snaps.
The site has more than quadrupled its number of users in the past five years, and it was valued at $31 billion during its initial public offering in 2015.
September 2016: Snapchat re-brands itself as “Snap inc” and releases smart sunglasses called “Spectacles”. They promptly sell 10 of them.
Once the hottest of the networks — thanks to its 250 million users and a big I.P.O. in March 2017 — Snapchat has cooled off lately as Instagram has emulated some of its biggest ideas and a major redesign was announced.
Twitter is a microblogging platform, where users post short status updates, known as ‘tweets’. Up until 2017, the limit for a tweet was 140 characters.
After Verizon Media acquired Tumblr in 2017, they have started a censorship campaign, banning explicit sexual images and GIFs.
But there are signs that Twitter might be entering a decline; it has been losing monthly users ever since the end of 2017, and the company has a current market value of around 4 billion, making it about two-thirds less valuable than when it first went public.
Yet the company struggled to make a profit, needing until 2018 to post its first-ever profitable year.
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