X, formerly known as Twitter, is an online social media and social networking service operated by the American company X Corp., the successor of Twitter, Inc. On X, registered users can post text, images and videos. Users can also like, repost, quote repost, comment on posts, direct message, video and audio call, bookmark, join lists and communities, and join public Spaces with other registered users. Registered users can also leave Community Notes to add context to posts by other registered users. Under the name Twitter, the terminology used was tweeting, retweeting and quote retweeting.
Twitter, as it was known, was created in March 2006 by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams. It was launched in July of that year. Its former parent company, Twitter, Inc., was based in San Francisco, California and had more than 25 offices around the world. By 2012, more than 100 million users produced 340 million tweets a day, and the service handled an average of 1.6 billion search queries per day. In 2013, it was one of the ten most-visited websites and has been described as "the SMS of the Internet". By the start of 2019, Twitter had more than 330 million monthly active users. In practice, the vast majority of tweets are produced by a minority of users. In 2020, it was estimated that approximately 48 million accounts (15% of all accounts) were not genuine people.In October 2022, billionaire Elon Musk acquired Twitter for US$44 billion, gaining control of the platform and becoming CEO. Since the acquisition, the platform has been criticized for facilitating an increase in hate speech. Linda Yaccarino succeeded Musk as CEO on June 5, 2023, with Musk remaining as Chairman and CTO. In July 2023, Musk announced that Twitter will be rebranded to X and that the bird logo will be retired. At the end of October 2023, Fortune magazine estimated the company's value at $19 billion, based on the company's $45 stock compensation plan.
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