Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Tweeter history
Tweeter company history timeline
Bryn Mawr, founded in 1965, offered knowledgeable service and much the same product mix as Tweeter and had stores in Pennsylvania, Maryland, Delaware, and New Jersey.
Tweeter was founded in 1972 when Boston University dropout Sandy Bloomberg and his cousin Michael opened a stereo shop near the B.U. campus called Tweeter, etc.
In 1990 the company hired Jeff Stone, an executive vice-president for Bread & Circus supermarkets, to take the positions of president and chief operating officer.
The program was started in August 1993 and was a rapid success.
Within several years both Fretter and Lechmere would be belly-up, while Tweeter kept on expanding, boasting 18 locations in Massachusetts, Rhode Island, Connecticut, and New Hampshire by the summer of 1995.
Funding for this growth had come from the private equity market, where the company had gone first in late 1995.
In May 1996 Tweeter's parent company purchased the 13-store electronics retail chain Bryn Mawr Stereo & Video, based in King of Prussia, Pennsylvania.
Having grown from a single location called Tweeter, etc. into a chain of 19 stores, in 1996 the company began acquiring similar chains around the country with the goal of becoming a national retail presence.
In early 1996 the company opened a new store in Burlington, Massachusetts as a cooperative venture with music retailer Strawberries.
In 1997 New England Audio made its second acquisition, this time buying the Atlanta, Georgia-based HiFi Buys chain.
Seeking further capital for expansion, the company made an initial public offering of stock on the NASDAQ in July 1998.
Tweeter went public in 1998 and has continued to grow since that time.
1998: Initial Public Offering and More Acquisitions
Revenues for 1998 increased to $232 million from the previous year's $132 million, with consolidated income from HiFi Buys stores accounting for much of the increase.
In February 1999 Tweeter finalized its next acquisition, spending $8.2 million to buy Home Entertainment of Texas, Inc.
By July 1999 the company had a total of 73 stores in 13 states and expected to open as many as 24 more within the next fiscal year.
The company's position was validated by the marketplace when in 1999 Circuit City announced that it was abandoning DIVX, killing the controversial rent-with-the-option-to-buy digital movie format.
When Stone was hired in 2003, it had recently been purchased by Google.
November 2004- Evan Williams leaves Google with co-worker Biz Stone to work with neighbor Noah Glass as CEO of Odeo.
Stone worked there until 2005, when he left to join Williams in shaping Odeo, a podcasting company.
Whatever the reason, the company hit rock bottom once Apple AAPL announced in 2005 that they would include podcasting in their juggernaut streaming service (at the time), iTunes.
Dorsey sent the first tweet (“just setting up my twttr”) on March 21, 2006, and the completed version of Twitter debuted in July 2006.
The service allowed users to share status updates in the form of 140-character messages known as “tweets.” After Twitter went live in 2006, Stone served as creative director for the company.
Interest in the platform sharply increased after it was presented at the South by Southwest music and technology conference in Austin, Texas, in March 2007.
June 2007 - Twitter holds its first round of funding, raising $5 million and receiving a valuation of $20 million.
August 2007 - The hashtag "#" makes its debut, supposedly started by user Chris Messina.
October 2008 - With frustration over unaddressed server failures and the encouragement of Evan Williams, Twitter's shareholders remove Dorsey as CEO, replacing him with Williams.
April 2009 - Twitter executives Evan Williams and Biz Stone are listed under Time's 100 most influential people in the world.
Twitter truly established itself as an emerging outlet for the dissemination of information during the events surrounding the Iranian presidential election in June 2009.
September 2009 - Dick Costolo is brought on board as COO to help Twitter's profitability, tweets joke, "First full day Twitter COO tomorrow.
April 2010 - Twitter announces the use of promoted tweets for advertising, creating its first clear avenue for consistent profitability.
June 2010 - Twitter servers crash while Russian president Dmitry Medyedev visits offices for his first tweet, come back just in time for him to send it.
October 2010 - Following a series of meetings with Jack Dorsey, the board removes Evan Williams as CEO, replacing him with Dick Costelo under the assumption that Dorsey will eventually take his place.
June 2011 - Cofounder Biz Stone announces departure from his day-to-day role at Twitter.
July 2011 - The White House hosts a Twitter town hall with President Barack Obama and Jack Dorsey as moderator.
With endorsements from corporations, celebrities, and news outlets, Twitter had by 2011 more than 100 million monthly active users, with one billion tweets being sent each week.
June 2012 - Twitter modifies its logo, removing text to make the slightly redesigned blue bird its symbol.
In October of 2012, Twitter made what looked at the time like a promising deal in acquiring the startup Vine for $30 million.
In 2012 Stone and Ben Finkel began work on a new venture, Jelly, a search app in which users posted questions that were answered by others in their social network.
In September 2013 Twitter filed to become a public company. (It announced the news to the public in a tweet.) Its initial public offering (IPO) in November raised $1.8 billion, giving it a market value of $31 billion.
In 2013, the platform's dominant spot came under fire with Instagram's introduction of the 15-second video clip.
November 2014 - Twitter announces an instant timeline.
December 2014 - Twitter releases new anti-harassment tools and announces that more effort will be put toward curbing online abuse.
Dorsey returned as CEO in October 2015.
Twitter added a new feature, Moments, in October 2015, which allowed users and the service itself to create curated thematic collections of tweets and other content.
In 2015, this model generated around $400 million in revenue.
The most radical change occurred in March 2016, when Twitter replaced its chronological timeline (in which tweets were ordered by time) with an algorithmic timeline in which tweets that were popular on the service or even tweets that were liked by the people a user followed would appear first.
Following changes of leadership, social media talent agencies drafted and discarded plans for fusing Twitter and Vine, and a failed attempt at selling the platform, Twitter shut down Vine in October of 2016.
Twitter finally became profitable in the last quarter of 2017, when it had 330 million monthly users.
His books included Blogging: Genius Strategies for Instant Web Content (2002), Who Let the Blogs Out?: A Hyperconnected Peek at the World of Weblogs (2004), and Things a Little Bird Told Me: Confessions of the Creative Mind (2014). It launched two years later and was sold to Pinterest in 2017.
September 2018 - Jack Dorsey testifies before the United States senate alongside Facebook COO Sheryl Sandberg.
November 2018 - Twitter expands from 140 to 280-word count.
June 2019 - Twitter reveals data showing thousands of fake accounts linked to foreign governments like Iran and Russia.
Early in 2019 Twitter switched from tracking monthly users to “monetizable daily active users,” the number of users in a day who were exposed to ads.
Fleets, added in November 2020, were collections of tweets and other contents that were designed to vanish within 24 hours, much like Stories on the social networks Snapchat, Instagram, and Facebook.
In May 2021 Twitter introduced Spaces, in which accounts with more than 600 followers could host live audio conversations.
In November 2021 Dorsey stepped down as CEO again and was replaced by chief technology officer Parag Agrawal.
As of late 2021, the service had 217 million monetizable daily active users.
In 2022 Twitter announced that it was to be purchased by South African-born American entrepreneur Elon Musk for about $44 billion.
Rate Tweeter's efforts to communicate its history to employees.
Tweeter jobs
Do you work at Tweeter?
Is Tweeter's vision a big part of strategic planning?
Tweeter competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Nordstrom | 1901 | $15.0B | 74,000 | 1,411 |
| Big Lots | 1967 | $4.7B | 22,900 | - |
| The Home Depot | 1978 | $159.5B | 500,001 | 16,201 |
| Foot Locker | 1974 | $8.0B | 32,175 | 819 |
| Kohl's | 1962 | $16.2B | 110,000 | 1,493 |
| The Children's Place | 1969 | $1.6B | 2,100 | 225 |
| Jo-Ann Stores | 1943 | - | 23,000 | 36 |
| The TJX Companies | 1987 | $56.4B | 270,000 | 6,385 |
| Staples | 1986 | $18.2B | 75,000 | 2,175 |
| Freedom USA | 1999 | $200.0M | 75 | - |
Zippia gives an in-depth look into the details of Tweeter, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Tweeter. The employee data is based on information from people who have self-reported their past or current employments at Tweeter. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Tweeter. The data presented on this page does not represent the view of Tweeter and its employees or that of Zippia.
Tweeter may also be known as or be related to Tweeter and Tweeter Home Entertainment Group, Inc.