WEBVTT - The Twitter Story Part Two

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<v Speaker 1>Get in Touch with Technology was tech Stuff from stuff

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<v Speaker 1>dot Com. Hey everyone, and welcome to tech Stuff. This

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<v Speaker 1>is Jonathan Strickland and I'm Lauren, and it's time for

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<v Speaker 1>us to conclude, at least so far, the story of Twitter.

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<v Speaker 1>We started in the last episode with a description of

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<v Speaker 1>how the company, well really how the products started, and

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<v Speaker 1>then how the company started around it and kind of

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<v Speaker 1>giving a hint of how it was rising prominence. We

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<v Speaker 1>left off towards the end of two thousand eight's We're

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<v Speaker 1>picking up in January two thousand nine, which was an

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<v Speaker 1>interesting story. The first major news story scooped by Twitter. Yeah,

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<v Speaker 1>photo from the scene of the the US air airplane

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<v Speaker 1>that had crashed in the Hudson River off of New

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<v Speaker 1>York City was shared on Twitter before the major news

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<v Speaker 1>outlets began covering story at all. Um and that was

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<v Speaker 1>a scoop by Twitter user Janice Crumbs Jay Crumbs, who

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<v Speaker 1>sent the tweet um quote photo length, there's a link

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<v Speaker 1>to the photo and then there's a plane in the

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<v Speaker 1>Hudson I'm on the ferry going to pick up the people. Crazy. Yeah.

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<v Speaker 1>I remember that story too, I mean obviously, uh And

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<v Speaker 1>and it was dramatic, you know, hearing all about that

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<v Speaker 1>kind of unfolding on Twitter before anyone could could cover

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<v Speaker 1>it again, it really showed the potential power of this service. Absolutely.

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<v Speaker 1>At the time, the company still only had twenty nine employees,

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<v Speaker 1>which was an increase of by by twenty one employees

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<v Speaker 1>from about two years previous, but still it was It

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<v Speaker 1>was a small, small endeavor relatively. Yeah, when you sit

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<v Speaker 1>there and think about how many people were using the service,

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<v Speaker 1>to think that only twenty nine people were in charge

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<v Speaker 1>of keeping it going might have also explained a little

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<v Speaker 1>bit about the frequency of the fail whale, but at

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<v Speaker 1>any rate. In April two thousand nine, Mike Massimino made

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<v Speaker 1>the first tweet from outer space. But it wasn't like

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<v Speaker 1>con I just think of that whenever I think of

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<v Speaker 1>space now. His message was from orbit launch was awesome.

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<v Speaker 1>I am feeling great, working hard and enjoying the magnificent views.

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<v Speaker 1>The adventure of a lifetime has begun. There were a

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<v Speaker 1>lot of exclamation marks in that too. To be fair,

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<v Speaker 1>he was in space. He was in space that I

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<v Speaker 1>would use exclamation points even more than I already do

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<v Speaker 1>if I were in space. Yeah, I think I think

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<v Speaker 1>you would just hear me shouting exuberantly, and there'll probably

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<v Speaker 1>be some expletives in there, but joyous expletives. Would you

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<v Speaker 1>hear you shouting from space? If I'm actually in space,

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<v Speaker 1>then no, But that's an entirely different podcast where we

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<v Speaker 1>can talk about why you don't hear in space at

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<v Speaker 1>any rate. In May of two thousand nine, the billionth

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<v Speaker 1>tweet was sent um and no, I have no idea

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<v Speaker 1>what it was, and I'm still guessing it was something

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<v Speaker 1>about lunch. Lunch. That's a good guess. You know, it's

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<v Speaker 1>statistically it's likely either lunch or someone complaining about some

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<v Speaker 1>other social networking service that those those are two safe

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<v Speaker 1>bets with Twitter. Um, And as much as I joke

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<v Speaker 1>about obviously I love Twitter, I wouldn't have made the

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<v Speaker 1>teen thousands of In early June two thousand nine, Twitter

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<v Speaker 1>introduced verification. Now, this is another one of those little

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<v Speaker 1>controversial subjects. The idea was that it was to verify

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<v Speaker 1>certain high profile Twitter accounts, celebrities basically, yeah, so that

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<v Speaker 1>people would know that this is actually that person. It's

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<v Speaker 1>not someone for the marketing team and not someone to

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<v Speaker 1>be them, right right, It might be it might technically

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<v Speaker 1>be someone pretending to be them, but on an official capacity, right,

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<v Speaker 1>Like it might be someone's handler who is in charge

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<v Speaker 1>of the Twitter feed and they have to tweet like

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<v Speaker 1>three times a day or something. But you know, it

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<v Speaker 1>was really meant to let people feel more secure that

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<v Speaker 1>the person they were following was actually who they were following,

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<v Speaker 1>but it became kind of a weird sort of semi

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<v Speaker 1>status symbol, the idea big enough to be verified. Yeah,

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<v Speaker 1>and I mean I've got a lot of friends in

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<v Speaker 1>the technology space who have verified accounts. You know, I

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<v Speaker 1>don't and doesn't, so I don't know what is holding

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<v Speaker 1>you up, Gweitter, We are important. I mean, I'm getting

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<v Speaker 1>a little choked up. But you know, I realized that

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<v Speaker 1>there's nothing that comes along with verification other than the

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<v Speaker 1>sense that your your life means something and self worth

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<v Speaker 1>their pride. Right. Obviously we are making light of this,

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<v Speaker 1>but there there's been some confusion around verification as well,

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<v Speaker 1>because I know that there have been at least some

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<v Speaker 1>accounts that were verified and then through some means, became unverified. Um,

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<v Speaker 1>they're also cases of companies, like uh, companies actually buddying

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<v Speaker 1>up to Twitter, and at least this is the this

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<v Speaker 1>is allegedly I don't know if this is exactly true,

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<v Speaker 1>but allegedly some companies paying a good amount for Twitter

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<v Speaker 1>uh promoted tweets, which we'll get to in a little

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<v Speaker 1>bit um, and then in return they end up getting

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<v Speaker 1>verified accounts for all the people who work for that company.

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<v Speaker 1>Uh so uh. And there's some people who have turned

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<v Speaker 1>down verification because they were afraid it would hurt their

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<v Speaker 1>Twitter Street cred. I didn't even know there was such

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<v Speaker 1>a thing at any rate. To be more serious, in

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<v Speaker 1>June two thousand nine, Twitter was being used by Iranian

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<v Speaker 1>citizens to communicate during anti government protests. It was called

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<v Speaker 1>the Twitter Revolution, and that would lay the ground for

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<v Speaker 1>later uses of Twitter in political uh statements and and

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<v Speaker 1>and anti government statements around the world, probably most notably

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<v Speaker 1>in two thousand eleven with the rise of the Arab Spring,

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<v Speaker 1>which was a series of revolutions in the Middle East

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<v Speaker 1>and Africa. So Twitter is now being used as a

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<v Speaker 1>means of communication when other more official lines of communication

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<v Speaker 1>are inhibited are either down or right or being purposefully

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<v Speaker 1>blocked right. So I mean again, this this is really

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<v Speaker 1>showing that Twitter is a powerful tool beyond this kind

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<v Speaker 1>of you know, superfluous, silly use that. A lot of

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<v Speaker 1>people said that's all you know, people on Twitter just

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<v Speaker 1>waste time, But no, it was really being an instrument

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<v Speaker 1>of change. Sure absolutely. Um. Dick Costello joined the company

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<v Speaker 1>as the new CEO. UM He had formerly worked as

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<v Speaker 1>an exact for Google, like many of our other Twitter founders,

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<v Speaker 1>although I guess they weren't always exacts, but had previously

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<v Speaker 1>worked for Google. Um and was. Costello was a co

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<v Speaker 1>founder and or the CEO of FeedBurner for a while.

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<v Speaker 1>Oh yeah, yeah, another popular service at the time. And

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<v Speaker 1>then also at that time, in two thousand nine, co

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<v Speaker 1>founder Jack Dorsey co founded another company, a company called Square,

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<v Speaker 1>And we should probably cover that at some point because

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<v Speaker 1>it's something that's really changed small businesses. Yeah. So Square,

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<v Speaker 1>for those who don't know, it's a credit card processing

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<v Speaker 1>service and you can use one of those little gadgets

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<v Speaker 1>that hooks into Yeah, it's like a little swipe dongle

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<v Speaker 1>that you've ever seen someone with a with a little white,

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<v Speaker 1>square shaped dongle attached to their phone that swiped their

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<v Speaker 1>credit card on it. That is what that is. Yeah.

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<v Speaker 1>So it is that hardware and the saw toware that

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<v Speaker 1>works together so that you can process credit card payment.

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<v Speaker 1>It's really savvy. It's for it's for a relatively small

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<v Speaker 1>transaction payment. And uh and I think that they send

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<v Speaker 1>you the dongle for free at this point. Yeah, and

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<v Speaker 1>it ended up being well, we'll see a decent success

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<v Speaker 1>Square has Square is certainly done very well. So Jack

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<v Speaker 1>Dorsey continues to make some pretty big splashes in the

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<v Speaker 1>technology world. February tenth, two thousand ten, that's when Twitter

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<v Speaker 1>usage hit fifty million tweets per day. So according to

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<v Speaker 1>Twitter employee Kevin Well, the daily increase from two thousand

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<v Speaker 1>eight to two thousand nine in frequency of tweets was

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<v Speaker 1>one thousand, four hundred percent, and they said that the

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<v Speaker 1>service was averaging six hundred tweets per second. Uh. Four

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<v Speaker 1>hundred and thirty three of those were coming from Errington.

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<v Speaker 1>Michael Arrington. It's just a joke. Please don't come after me,

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<v Speaker 1>Mr Arrington. April that is when Twitter launches promoted eats,

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<v Speaker 1>but on a very limited basis, right They Promoted tweets

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<v Speaker 1>are those tweets that companies can pay to push into

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<v Speaker 1>many different users feeds, even if that user doesn't follow

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<v Speaker 1>the company's account. Um. And one of the cool things

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<v Speaker 1>about promoted tweets is that if it's not performing well,

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<v Speaker 1>if people are not retweeting and interacting with it, then

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<v Speaker 1>they'll pull the tweet from the promotion feed. Right. So

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<v Speaker 1>that way, if you haven't checked your your Twitter feed

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<v Speaker 1>in a little bit and it's they've already pulled it,

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<v Speaker 1>you're not going to see that. It's not going to

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<v Speaker 1>clutter things up. But if it's something that a lot

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<v Speaker 1>of people are interacting with, then presumably you could be

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<v Speaker 1>interested in it and it might end up being something

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<v Speaker 1>that you you then interact with, the idea being that

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<v Speaker 1>everyone wins in this situation, right right, Right, it's content

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<v Speaker 1>that was already on Twitter, that was already going to

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<v Speaker 1>be on Twitter. And this was a huge part of

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<v Speaker 1>the contribution that Costello was making to the company at

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<v Speaker 1>the time, wherein he was going like, no, there are

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<v Speaker 1>ways to monetize this, and this was kind of the

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<v Speaker 1>initial solution for getting some money into this company other

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<v Speaker 1>than from pure investment funding, right, because you can only

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<v Speaker 1>do that for so long before investors say, hey, I'd

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<v Speaker 1>like some of that back. How was this an investment

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<v Speaker 1>and not a charitable donation, right? And that, I mean,

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<v Speaker 1>that was a big question this is we're talking about. Remember,

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<v Speaker 1>the service was launching around two thousand six, and two

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<v Speaker 1>thousand seven was when it got big in it south

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<v Speaker 1>by Southwest. Years have passed and this is the first

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<v Speaker 1>time we start seeing a real move to monetization. That

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<v Speaker 1>was a big deal. Oh yeah. They would go on

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<v Speaker 1>to launch promoted trends and promoted accounts later, right, And

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<v Speaker 1>they did have some specific rules about promoted tweets. They

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<v Speaker 1>companies could only promote their own tweets. So if I

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<v Speaker 1>am a fan of Lauren's company and I send out

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<v Speaker 1>a message about how awesome Lauren's company is, she couldn't

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<v Speaker 1>promote my tweet about her company. And that's mostly in

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<v Speaker 1>the United States due to the Federal Trade Commission having

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<v Speaker 1>a ban on commercial appropriation. And if you're wondering what

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<v Speaker 1>the difference is between that and Facebook's thing where they

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<v Speaker 1>can advertise which companies your friends like, like Capital l

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<v Speaker 1>like on Facebook to you in order to tell you

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<v Speaker 1>about that company. That's different because they're only saying that

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<v Speaker 1>this person has expressed an interest. It's not appropriation of

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<v Speaker 1>actual content, right. They're not taking something that your friend

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<v Speaker 1>has written and then presenting it to you as an ad.

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<v Speaker 1>They're just saying, Hey, your friend likes this, You like

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<v Speaker 1>your friend, don't you also like this? By the transitive

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<v Speaker 1>property of like. By the way, that doesn't always work,

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<v Speaker 1>my friends like some really terrible stuff. I agree entirely.

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<v Speaker 1>Um And yeah, I mean, you know, this is probably

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<v Speaker 1>really obvious to many people listening to this who are

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<v Speaker 1>in in internet industry kind of jobs. But I mean,

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<v Speaker 1>you know, running a really popular website is not free.

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<v Speaker 1>It's that you have to You have to keep up

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<v Speaker 1>as servers. There's a lot of equipment involved, you have

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<v Speaker 1>to engineer all of its software. There's electricity bills. I mean,

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<v Speaker 1>if your servers start to get towards the end of

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<v Speaker 1>their useful life, you have to replace them. I mean,

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<v Speaker 1>the real So obviously this was a big, big step

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<v Speaker 1>for Twitter, and a very important one. Another one of

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<v Speaker 1>those things, um that also happened in April of the

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<v Speaker 1>company announced that they would be collaborating to preserve tweets

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<v Speaker 1>with the Library of Congress. Um And and that's that's

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<v Speaker 1>after a six month delay. Tweets are submitted for internal

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<v Speaker 1>library use, non commercial research, public display by the library,

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<v Speaker 1>and general preservation. Yeah. That that terrifies me to know

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<v Speaker 1>that someone can go and do research about all the

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<v Speaker 1>stupid jokes I've made about various science fiction films, and

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<v Speaker 1>but I I couched them in the way that sounds

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<v Speaker 1>like I'm saying something really important. Not that I've done that,

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<v Speaker 1>say on this very podcast, like in the last episode twice.

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<v Speaker 1>But yeah, you know it was. It was kind of

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<v Speaker 1>a big deal. In the same day. Actually, I'm sure

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<v Speaker 1>that the two were related. Google announced Google Replay, which

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<v Speaker 1>is a search function that lets you see what was

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<v Speaker 1>being publically tweeted about on any given day in history.

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<v Speaker 1>I mean any given day in history back to the

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<v Speaker 1>company's origins in two thousand six. Although that hasn't stopped

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<v Speaker 1>some some really enterprising people creating some amazing joke Twitter

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<v Speaker 1>accounts of historical figures as if they had been tweeting

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<v Speaker 1>Chac tweet is one of my favorite things. That's a

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<v Speaker 1>good one. There's also some who was it I want

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<v Speaker 1>to say it was it was. There was a Twitter

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<v Speaker 1>feed where it was going through a journal of I

0:12:26.880 --> 0:12:30.840
<v Speaker 1>think it was John Adams and tweeting the journal entries

0:12:30.840 --> 0:12:33.679
<v Speaker 1>that he made because he made very short one and

0:12:33.760 --> 0:12:37.520
<v Speaker 1>they tweeted it in time with in the calendar year

0:12:37.679 --> 0:12:40.559
<v Speaker 1>as the same as the journal entry, which was really cool. Yeah,

0:12:40.720 --> 0:12:43.680
<v Speaker 1>that's an amazing that's an amazingly nerdy history project. And

0:12:43.720 --> 0:12:45.960
<v Speaker 1>then there was like Romeo and Juliet that did the

0:12:46.000 --> 0:12:48.840
<v Speaker 1>whole play through tweets. I actually don't want to see

0:12:48.920 --> 0:12:51.719
<v Speaker 1>what Romeo or Juliet's Twitter feeds would have been, Like,

0:12:51.840 --> 0:12:55.240
<v Speaker 1>I think I'm too old for that. I total love you.

0:12:55.679 --> 0:13:00.760
<v Speaker 1>Was that was excepting I am I hope I hope

0:13:00.760 --> 0:13:03.920
<v Speaker 1>that it was at least in I am big pentameter. Right. Uh,

0:13:04.679 --> 0:13:08.319
<v Speaker 1>I want to say, yes, there were a lot of

0:13:08.320 --> 0:13:12.120
<v Speaker 1>people using Twitter in very creative ways whenever they could,

0:13:12.200 --> 0:13:17.600
<v Speaker 1>because Twitter was still occasionally experiencing, uh, periods of high

0:13:17.760 --> 0:13:22.520
<v Speaker 1>usage that interrupted service, like little sporting events that happened

0:13:22.559 --> 0:13:26.040
<v Speaker 1>the summer, like the World Cup, a little thing called

0:13:26.080 --> 0:13:29.920
<v Speaker 1>the World Cup. Yeah, this this havoc on Twitter this year.

0:13:30.040 --> 0:13:33.880
<v Speaker 1>UM tweets per second hit over three thousand when Spain

0:13:33.960 --> 0:13:38.400
<v Speaker 1>shot that winning goal. Uh, spoiler alert if you're going

0:13:38.440 --> 0:13:41.840
<v Speaker 1>back and watching the old World Cup for we were

0:13:41.880 --> 0:13:43.839
<v Speaker 1>sorry that we ruined it for you are bad. Um.

0:13:44.080 --> 0:13:46.679
<v Speaker 1>The peak of tweets per second for the whole Cup

0:13:46.840 --> 0:13:50.760
<v Speaker 1>was was three thousand, two hundred and eighty three per second. Um,

0:13:50.920 --> 0:13:54.760
<v Speaker 1>It's engineers. Twitter's engineers were basically not leaving work that

0:13:55.040 --> 0:13:59.160
<v Speaker 1>entire time in order to continually implement emergency expansion features,

0:13:59.200 --> 0:14:02.600
<v Speaker 1>only to have all their implementations be immediately overwhelmed. Yea.

0:14:02.640 --> 0:14:05.280
<v Speaker 1>So they're building out extra capacity and that capacity gets

0:14:05.320 --> 0:14:08.240
<v Speaker 1>filled as soon as it's available. Yeah. Um. And this

0:14:08.320 --> 0:14:12.760
<v Speaker 1>was sort of the officially unofficial or unofficially official point

0:14:13.160 --> 0:14:16.720
<v Speaker 1>at which Twitter got really serious about making that whole

0:14:17.000 --> 0:14:19.680
<v Speaker 1>fail whale thing obsoletely right, the idea of being to

0:14:19.800 --> 0:14:25.240
<v Speaker 1>build out so much capacity that, barring any serious electrical

0:14:25.240 --> 0:14:28.640
<v Speaker 1>problem or some other massive equipment failure, it just was

0:14:28.720 --> 0:14:33.600
<v Speaker 1>not going to go down. So August, Twitter also launched

0:14:33.760 --> 0:14:36.480
<v Speaker 1>fast follow for cell phone users in the United States.

0:14:36.880 --> 0:14:40.960
<v Speaker 1>This allows anyone to receive tweets on their phone via SMS,

0:14:41.080 --> 0:14:44.880
<v Speaker 1>even if they don't have a Twitter account, um, which

0:14:44.920 --> 0:14:48.200
<v Speaker 1>is a really interesting feature because it shows that Twitter

0:14:48.360 --> 0:14:50.600
<v Speaker 1>was keyed into the fact that people were using this

0:14:51.160 --> 0:14:54.720
<v Speaker 1>in um in emergency situations as part of political protests

0:14:55.080 --> 0:14:58.920
<v Speaker 1>in other areas where you know, it's really difficult to

0:14:58.960 --> 0:15:02.400
<v Speaker 1>get news out to people and crowd control can be

0:15:02.440 --> 0:15:07.800
<v Speaker 1>incredibly important, and so so you know, That's fascinating to

0:15:07.840 --> 0:15:10.320
<v Speaker 1>me that that Twitter was aware that it was you

0:15:10.320 --> 0:15:12.560
<v Speaker 1>know that that a they were they were trying to

0:15:12.600 --> 0:15:15.400
<v Speaker 1>make money. Um, you know, they were going to corporations

0:15:15.400 --> 0:15:19.480
<v Speaker 1>like McDonald's and whatever, and and soliciting money from for

0:15:19.600 --> 0:15:22.480
<v Speaker 1>advertising from them, and also working with the Library of

0:15:22.520 --> 0:15:27.280
<v Speaker 1>Congress and also building out this kind of SMS stuff.

0:15:27.320 --> 0:15:29.440
<v Speaker 1>You know that they their web client had been live

0:15:29.480 --> 0:15:31.320
<v Speaker 1>for a really long time at this point. I think

0:15:31.320 --> 0:15:34.480
<v Speaker 1>that most people were using Twitter on the web rather

0:15:34.520 --> 0:15:37.240
<v Speaker 1>than or or on our on apps at this point,

0:15:37.640 --> 0:15:41.040
<v Speaker 1>rather than via SMS. But they were still supporting features

0:15:41.040 --> 0:15:44.160
<v Speaker 1>for that original SMS space. It's it's interesting because you know,

0:15:44.280 --> 0:15:49.760
<v Speaker 1>the original approach was making it SMS centric. Uh. It's

0:15:49.800 --> 0:15:51.320
<v Speaker 1>just that by the time I got to know it,

0:15:51.400 --> 0:15:53.280
<v Speaker 1>I was thinking of it more of as a web

0:15:53.320 --> 0:15:56.640
<v Speaker 1>thing than an SMS mostly because I didn't want to

0:15:56.680 --> 0:15:58.840
<v Speaker 1>have to pay a whole lot of extra money for

0:15:59.040 --> 0:16:02.800
<v Speaker 1>tons of text messages. Here's the thing about the United States,

0:16:02.800 --> 0:16:05.080
<v Speaker 1>in case some of our our listeners in other places

0:16:05.080 --> 0:16:07.280
<v Speaker 1>may not be aware of this, but the policy for

0:16:07.360 --> 0:16:12.360
<v Speaker 1>a lot of the telecommunications companies here is that you

0:16:12.440 --> 0:16:14.920
<v Speaker 1>pay for text messages, not only that you send out

0:16:14.920 --> 0:16:17.680
<v Speaker 1>but that you received. So if you don't send a

0:16:17.760 --> 0:16:19.600
<v Speaker 1>lot of text messages out, but you get a lot

0:16:19.640 --> 0:16:21.320
<v Speaker 1>because you have a lot of friends who just they

0:16:21.360 --> 0:16:24.520
<v Speaker 1>love the text uh and and it goes over your limit,

0:16:24.640 --> 0:16:26.200
<v Speaker 1>you are the one who pays for that. Actually, they

0:16:26.280 --> 0:16:28.960
<v Speaker 1>might be paying for it too. You can get some

0:16:29.040 --> 0:16:31.560
<v Speaker 1>double dipping in this. Even if both of you belong

0:16:31.640 --> 0:16:34.920
<v Speaker 1>to the same uh, the same provider, you might end

0:16:35.000 --> 0:16:38.240
<v Speaker 1>up having both people charged for all these texts. And

0:16:39.000 --> 0:16:40.920
<v Speaker 1>so that was a problem, you know, for people who

0:16:40.920 --> 0:16:44.880
<v Speaker 1>want to use Twitter that way. But someday I'm going

0:16:44.920 --> 0:16:46.840
<v Speaker 1>to do a full episode about some of the crazy

0:16:47.000 --> 0:16:51.280
<v Speaker 1>differences in the way telecommunications companies operate in various countries,

0:16:51.520 --> 0:16:53.280
<v Speaker 1>because I know there are some people from other countries

0:16:53.320 --> 0:16:55.000
<v Speaker 1>when they hear about that and like, wait, I have

0:16:55.040 --> 0:16:57.760
<v Speaker 1>to pay to if I received too many texts? How

0:16:57.800 --> 0:17:01.280
<v Speaker 1>do I control that? Apart from threaten people who text me?

0:17:02.200 --> 0:17:04.920
<v Speaker 1>And I found that that's pretty effective. Well, that's true,

0:17:04.960 --> 0:17:07.360
<v Speaker 1>that's true. If you develop a certain type of personality,

0:17:07.400 --> 0:17:10.800
<v Speaker 1>you can you know, cultivate that kind of behavior around

0:17:10.800 --> 0:17:14.440
<v Speaker 1>your friends. But um, yeah, so anyway, tangent aside, let's

0:17:14.440 --> 0:17:17.520
<v Speaker 1>get back to the history. So October, we see another

0:17:17.600 --> 0:17:21.800
<v Speaker 1>big change in executive management, right Coastalo would transition at

0:17:21.800 --> 0:17:25.520
<v Speaker 1>that point from CEO to CEO. I'm replacing Evan Williams.

0:17:25.840 --> 0:17:30.440
<v Speaker 1>He says, he'll be concentrating on product strategy. I don't

0:17:30.680 --> 0:17:33.640
<v Speaker 1>know really necessarily what that means other than just, you know,

0:17:33.880 --> 0:17:36.840
<v Speaker 1>here's some more stuff we want Twitter to do, y'all. Anyway,

0:17:36.840 --> 0:17:39.600
<v Speaker 1>it wasn't stepping down from that public kind of role. Yeah, yeah,

0:17:40.520 --> 0:17:44.840
<v Speaker 1>having someone who I mean, Costello obviously, with his his

0:17:45.000 --> 0:17:48.240
<v Speaker 1>focus on monetizing Twitter had really started to transform the

0:17:48.280 --> 0:17:51.760
<v Speaker 1>company already, So it was time for that transition to

0:17:51.840 --> 0:17:55.560
<v Speaker 1>go from let's build the service up to let's really

0:17:55.560 --> 0:17:58.080
<v Speaker 1>make this a company. And uh, we've got a lot

0:17:58.119 --> 0:18:00.520
<v Speaker 1>more to say, but before we do, let take a

0:18:00.600 --> 0:18:04.160
<v Speaker 1>quick break to thank our sponsor. All Right, So now

0:18:04.200 --> 0:18:09.000
<v Speaker 1>we're up to March of and Twitter is um busy. Yeah.

0:18:09.000 --> 0:18:12.480
<v Speaker 1>Twitter users are at this point sending a billion tweets

0:18:12.520 --> 0:18:14.440
<v Speaker 1>per week. And keep in mind that it's only been

0:18:14.480 --> 0:18:18.119
<v Speaker 1>two years since the billionth tweet period was sent out, right,

0:18:18.160 --> 0:18:21.720
<v Speaker 1>so now they're matching that every week. It took it

0:18:21.760 --> 0:18:23.520
<v Speaker 1>took that many years to get to a billion, and

0:18:23.560 --> 0:18:25.879
<v Speaker 1>now we're seeing that on a weekly basis. Yeah, the

0:18:25.920 --> 0:18:29.400
<v Speaker 1>average number of tweets sent per day have nearly tripled

0:18:29.520 --> 0:18:32.280
<v Speaker 1>in the past year. And Twitter has got a few

0:18:32.280 --> 0:18:34.239
<v Speaker 1>more people than twenty eight folks working for it now

0:18:34.320 --> 0:18:38.160
<v Speaker 1>right about fo Yeah? Yeah, And at that point, Jack

0:18:38.200 --> 0:18:42.520
<v Speaker 1>Dorsey's title changes to executive chairman. His focus is also

0:18:42.600 --> 0:18:45.439
<v Speaker 1>on product development. Uh. And according to an article in

0:18:45.440 --> 0:18:48.840
<v Speaker 1>The New York Times, no one at Twitter directly reports

0:18:48.840 --> 0:18:53.000
<v Speaker 1>for Dorsey, perhaps lending some credence to those those Um

0:18:53.080 --> 0:18:55.440
<v Speaker 1>employees who said that he was not the easiest man

0:18:55.560 --> 0:18:58.680
<v Speaker 1>to work directly for. So he may still be doing

0:18:58.800 --> 0:19:01.399
<v Speaker 1>quite influential work at Twitter, but he doesn't have a

0:19:01.440 --> 0:19:07.560
<v Speaker 1>team reporting to him. Uh. May Twitter acquires tweet Deck,

0:19:07.600 --> 0:19:10.280
<v Speaker 1>And boy did that get some people riled up, Because

0:19:10.680 --> 0:19:12.600
<v Speaker 1>here's the other thing that Twitter, you know, we we

0:19:12.640 --> 0:19:15.720
<v Speaker 1>mentioned in the previous episode. I think that Twitter has

0:19:15.960 --> 0:19:19.679
<v Speaker 1>is known for taking ideas that people have created on

0:19:19.720 --> 0:19:22.680
<v Speaker 1>Twitter and then incorporating it directly into the service. Yeah,

0:19:22.720 --> 0:19:26.160
<v Speaker 1>that's what tweet Tech was. It was a dashboard app

0:19:26.240 --> 0:19:29.400
<v Speaker 1>that had been developed starting way back in tight by

0:19:29.480 --> 0:19:33.240
<v Speaker 1>a London programmer named Ian Dodsworth. So once again we

0:19:33.280 --> 0:19:35.639
<v Speaker 1>see Twitter saying that's a brilliant idea, let's buy it

0:19:35.800 --> 0:19:38.080
<v Speaker 1>and make it part of ours. Another thing is that

0:19:38.119 --> 0:19:43.560
<v Speaker 1>you know, Twitter has been very uh careful about other

0:19:43.680 --> 0:19:48.240
<v Speaker 1>services coming out that could take traffic away from Twitter,

0:19:48.880 --> 0:19:52.320
<v Speaker 1>and but using the Twitter the Twitter service as its foundation,

0:19:52.840 --> 0:19:56.040
<v Speaker 1>and uh, you know, some people see it as anti competitive,

0:19:56.359 --> 0:20:00.840
<v Speaker 1>some people see it as being um harmful to developers.

0:20:01.119 --> 0:20:03.119
<v Speaker 1>Some people just see it as a company that's trying

0:20:03.119 --> 0:20:05.679
<v Speaker 1>to make the best product it possibly can. There are

0:20:05.680 --> 0:20:08.680
<v Speaker 1>a lot of different sides to the story, and personally,

0:20:08.720 --> 0:20:11.040
<v Speaker 1>for me, it's a case by case basis. There's sometimes

0:20:11.080 --> 0:20:13.680
<v Speaker 1>where I just think, oh, but I really liked using

0:20:13.720 --> 0:20:15.400
<v Speaker 1>that thing that now I don't know if it will

0:20:15.440 --> 0:20:19.040
<v Speaker 1>exist anymore. Um, so it ends up being almost it's

0:20:19.119 --> 0:20:21.480
<v Speaker 1>it's like a matter of bias. So I won't really

0:20:21.960 --> 0:20:24.879
<v Speaker 1>weigh in. I will say I use tweet deck a lot.

0:20:24.960 --> 0:20:26.760
<v Speaker 1>Oh yeah, yeah, I think that's why we both used

0:20:26.760 --> 0:20:29.639
<v Speaker 1>to keep up with everything. It's incredibly Yeah, if you

0:20:29.680 --> 0:20:32.480
<v Speaker 1>have more than one Twitter account that you follow. For example,

0:20:32.680 --> 0:20:34.720
<v Speaker 1>I have my own personal one, Lauren has her own

0:20:34.720 --> 0:20:37.399
<v Speaker 1>personal one, and we both also oversee the tech Stuff

0:20:37.520 --> 0:20:41.000
<v Speaker 1>hs W Twitter account, So if you ever see a

0:20:41.040 --> 0:20:45.280
<v Speaker 1>tweet from tech Stuff hs W, it's either Lauren or

0:20:45.359 --> 0:20:48.879
<v Speaker 1>it's yours truly who's making that. We're the ones who

0:20:48.960 --> 0:20:52.159
<v Speaker 1>handle that. We don't have a handler. We've asked, no

0:20:52.200 --> 0:20:54.920
<v Speaker 1>one wants, No one wants to handle us, So it's

0:20:55.000 --> 0:20:57.040
<v Speaker 1>just us at this point. So yeah, But anyway, tweet

0:20:57.040 --> 0:21:00.320
<v Speaker 1>deck really lets you use multiple accounts and oversee them

0:21:00.400 --> 0:21:03.960
<v Speaker 1>and manage them and even post as different ones very easily.

0:21:04.200 --> 0:21:08.840
<v Speaker 1>Oh sure sure. Um. Also in May, another really famous

0:21:09.240 --> 0:21:14.640
<v Speaker 1>tweet was tweeted twin Yeah, twittin, I like that. Yeah.

0:21:14.640 --> 0:21:18.440
<v Speaker 1>This one was helicopter hovering over a Badabad at one

0:21:18.480 --> 0:21:23.000
<v Speaker 1>am in parentheses is a rare event closed parentheses. So

0:21:23.119 --> 0:21:26.320
<v Speaker 1>this one came from a fellow named so I Attar

0:21:26.520 --> 0:21:29.159
<v Speaker 1>who was not He didn't realize at the moment, but

0:21:29.200 --> 0:21:32.520
<v Speaker 1>he was actually live tweeting the raid on Osama bin

0:21:32.600 --> 0:21:36.280
<v Speaker 1>Laden's hideout. Yeah. So this was how the news broke

0:21:36.600 --> 0:21:39.600
<v Speaker 1>to the public, and then of course later the news

0:21:39.720 --> 0:21:43.040
<v Speaker 1>was more officially released. But and at first no one

0:21:43.160 --> 0:21:46.360
<v Speaker 1>was aware that this had any significance to it other

0:21:46.400 --> 0:21:49.320
<v Speaker 1>than some sort of military exercise happening in that area

0:21:49.320 --> 0:21:53.320
<v Speaker 1>of the world. But as the details were starting to

0:21:53.359 --> 0:21:57.439
<v Speaker 1>come out, people realized, Wow, this guy, this guy was

0:21:57.520 --> 0:21:59.879
<v Speaker 1>there when it happened, and it was another example of

0:22:00.119 --> 0:22:05.280
<v Speaker 1>Twitter can be a tool to to report world changing

0:22:05.320 --> 0:22:08.400
<v Speaker 1>news as it's happening, and it turns everyone who uses

0:22:08.400 --> 0:22:13.720
<v Speaker 1>Twitter into a reporter, big deal, making it kind of

0:22:13.760 --> 0:22:17.480
<v Speaker 1>easier to do that. In June, Twitter struck a deal

0:22:17.520 --> 0:22:21.600
<v Speaker 1>with Apple to integrate the service into iOS five, which

0:22:21.640 --> 0:22:26.720
<v Speaker 1>meant that you could you could automatically integrate Twitter into

0:22:26.760 --> 0:22:29.639
<v Speaker 1>a bunch of of a bunch of apps period, a

0:22:29.680 --> 0:22:34.600
<v Speaker 1>bunch of native iOS apps, um which camera, the YouTube apps,

0:22:34.600 --> 0:22:38.000
<v Speaker 1>stuff like that maps, um and. It also gave third

0:22:38.080 --> 0:22:41.439
<v Speaker 1>party app developers the ability to code out similar properties,

0:22:42.000 --> 0:22:45.679
<v Speaker 1>just just making it easier to to use the service

0:22:45.920 --> 0:22:48.720
<v Speaker 1>to share stuff. I think it's an interesting development, especially

0:22:48.720 --> 0:22:51.760
<v Speaker 1>in the way that the Twitter has used um and

0:22:51.760 --> 0:22:56.520
<v Speaker 1>and and specifically considering that it was circa this time

0:22:56.560 --> 0:22:58.679
<v Speaker 1>a little bit earlier, I mean, especially once tweet deck

0:22:58.720 --> 0:23:01.520
<v Speaker 1>really picked up that the ability to filter your feed,

0:23:01.560 --> 0:23:04.080
<v Speaker 1>like filter keywords out of your feed started to be

0:23:04.119 --> 0:23:07.600
<v Speaker 1>a thing. It's also interesting that we start seeing Twitter

0:23:07.720 --> 0:23:11.000
<v Speaker 1>being used as a sign in authorization service, kind of

0:23:11.080 --> 0:23:13.560
<v Speaker 1>similar to the way Facebook is. I mean, there are

0:23:13.560 --> 0:23:16.520
<v Speaker 1>a lot of other services that again kind of glom

0:23:16.600 --> 0:23:19.000
<v Speaker 1>onto Twitter like Cloud is a big one, you know

0:23:19.119 --> 0:23:22.359
<v Speaker 1>where you signed into Cloud In case you couldn't hear it,

0:23:22.440 --> 0:23:27.919
<v Speaker 1>Lauren was rolling her eyes. Uh yeah, I I'm with you.

0:23:28.560 --> 0:23:30.320
<v Speaker 1>I still check my cloud score, but I'm with you.

0:23:30.480 --> 0:23:32.960
<v Speaker 1>I I have I have very We should we should

0:23:33.080 --> 0:23:34.800
<v Speaker 1>have you guys done? Did you? Did you in Christie?

0:23:34.800 --> 0:23:36.679
<v Speaker 1>I think we talked. We did an episode where we

0:23:36.720 --> 0:23:39.280
<v Speaker 1>talked about clout and we talked about what it was

0:23:39.440 --> 0:23:42.720
<v Speaker 1>and uh, you know how what it was intended to

0:23:42.760 --> 0:23:46.080
<v Speaker 1>do at any rate. Again, it demonstrates that Twitter was

0:23:46.560 --> 0:23:50.280
<v Speaker 1>becoming really big because other other companies were using Twitter

0:23:50.440 --> 0:23:53.560
<v Speaker 1>as their way of creating a service that was really

0:23:53.560 --> 0:23:55.879
<v Speaker 1>compelling and could make it wide spread enough that that

0:23:55.960 --> 0:23:59.639
<v Speaker 1>was a useful feature. So September two, thou eleven, that's

0:23:59.680 --> 0:24:02.960
<v Speaker 1>when it are added SMS functionality by allowing users to

0:24:02.960 --> 0:24:06.359
<v Speaker 1>tweet a photo via text message. Yeah and this, this

0:24:06.520 --> 0:24:08.960
<v Speaker 1>again might be one of those things that doesn't sound

0:24:08.960 --> 0:24:11.080
<v Speaker 1>like a huge deal to lots of people who tune

0:24:11.119 --> 0:24:13.560
<v Speaker 1>in here and therefore probably have really good access to

0:24:13.600 --> 0:24:17.320
<v Speaker 1>the internet, but um, but it's a really terrific accessibility

0:24:17.359 --> 0:24:20.200
<v Speaker 1>tool in terms of you know, not needing to have

0:24:20.400 --> 0:24:24.080
<v Speaker 1>WiFi or or or a special app. I mean, you

0:24:24.080 --> 0:24:26.399
<v Speaker 1>could have a feature phone that has a camera on

0:24:26.440 --> 0:24:28.280
<v Speaker 1>it and be able to use this. And you know,

0:24:28.320 --> 0:24:30.720
<v Speaker 1>there's some feature phones out there that don't support any apps.

0:24:30.720 --> 0:24:33.679
<v Speaker 1>They don't have an OS that can run apps. So

0:24:33.760 --> 0:24:35.960
<v Speaker 1>if you're able to take a photo of your phone

0:24:35.960 --> 0:24:37.800
<v Speaker 1>but you don't have any way of having an app

0:24:37.840 --> 0:24:40.320
<v Speaker 1>on it, this would be a way of sharing that photo.

0:24:40.600 --> 0:24:45.000
<v Speaker 1>So it's definitely an accessibility feature. Sure. Um. In November

0:24:45.040 --> 0:24:50.280
<v Speaker 1>of I believe that the most tweeted message in in

0:24:50.440 --> 0:24:53.119
<v Speaker 1>history thus far, I don't think that anything's beat it yet. No,

0:24:53.280 --> 0:24:55.800
<v Speaker 1>as far as I can tell, the most retweeted message

0:24:55.800 --> 0:24:58.920
<v Speaker 1>of all time came from November two thousand twelve. It

0:24:59.000 --> 0:25:03.280
<v Speaker 1>came from a certain Barack Obama. Yeah, and it said

0:25:03.560 --> 0:25:07.600
<v Speaker 1>four more years and was retweeted more than eight hundred

0:25:07.760 --> 0:25:13.120
<v Speaker 1>thousand times. Um. Yeah, So I mean, as far as

0:25:13.119 --> 0:25:16.920
<v Speaker 1>I can tell, there's been no message retweeted more as

0:25:16.920 --> 0:25:18.840
<v Speaker 1>of the recording of the podcast that we're doing right now.

0:25:18.880 --> 0:25:22.200
<v Speaker 1>I mean, if if Justin Bieber sends out a one

0:25:22.240 --> 0:25:24.679
<v Speaker 1>word message that says deported first, I'm going to be

0:25:24.720 --> 0:25:29.240
<v Speaker 1>amazed because that shouldn't happen. That's not even possible. And second,

0:25:29.359 --> 0:25:33.480
<v Speaker 1>I could see that getting retweeted a lot, but so

0:25:33.520 --> 0:25:36.320
<v Speaker 1>far that's the top one. So December two thousand twelve,

0:25:36.880 --> 0:25:41.520
<v Speaker 1>Pope Benedict the sixteen launched the first papal Twitter feed

0:25:41.920 --> 0:25:46.920
<v Speaker 1>and twa yeah popes on Twitter Yeah, and Pope Francis

0:25:46.920 --> 0:25:50.480
<v Speaker 1>continues to use it. So the Catholic Church getting hip

0:25:50.520 --> 0:25:57.560
<v Speaker 1>with the uh the social networking. In January, January, to

0:25:57.600 --> 0:26:01.640
<v Speaker 1>be precise, Twitter would launch a vine six second video app. Yeah.

0:26:01.640 --> 0:26:03.280
<v Speaker 1>I remember when this first came out. I was like,

0:26:03.400 --> 0:26:07.720
<v Speaker 1>what six seconds? Who can say anything in six seconds?

0:26:07.760 --> 0:26:11.680
<v Speaker 1>That's that's like only having a character. To be fair, again,

0:26:12.240 --> 0:26:15.400
<v Speaker 1>there's nothing I've ever said that's only taken six seconds.

0:26:15.800 --> 0:26:19.080
<v Speaker 1>So for those of us who are incredibly verbose, it

0:26:19.160 --> 0:26:22.439
<v Speaker 1>is hard to imagine a good use for this service. However,

0:26:22.480 --> 0:26:25.760
<v Speaker 1>that hasn't stopped people from finding really creative ways, like

0:26:25.800 --> 0:26:30.600
<v Speaker 1>I've seen some amazing vin Yes, you think like when

0:26:30.640 --> 0:26:32.639
<v Speaker 1>you're when you're limited to six seconds, it's kind of

0:26:32.680 --> 0:26:35.880
<v Speaker 1>like that whole rule about you know, novels versus short stories.

0:26:35.960 --> 0:26:38.240
<v Speaker 1>Right when you when you know you have a limit

0:26:38.280 --> 0:26:41.159
<v Speaker 1>to how much space you have, every moment counts, and

0:26:41.200 --> 0:26:43.320
<v Speaker 1>if you can get a time just right. You can

0:26:43.359 --> 0:26:47.480
<v Speaker 1>have phenomenal short stories, you know, and it's weird to

0:26:47.480 --> 0:26:49.359
<v Speaker 1>call him a story with only last six seconds. But

0:26:49.400 --> 0:26:51.840
<v Speaker 1>if it, yeah, I think makes you laugh or makes

0:26:51.880 --> 0:26:53.560
<v Speaker 1>you scratch your head or something, if it gets a

0:26:53.600 --> 0:26:58.879
<v Speaker 1>response from you, then that that's pretty impressive at okay.

0:26:58.880 --> 0:27:02.480
<v Speaker 1>So this is another serious example, and we actually talked

0:27:02.480 --> 0:27:06.520
<v Speaker 1>about this in a sister podcast, um the Forward Thinking podcast,

0:27:07.040 --> 0:27:10.359
<v Speaker 1>because on Forward Thinking we were talking about how on

0:27:10.440 --> 0:27:13.480
<v Speaker 1>the stock market, more and more computer algorithms are taking

0:27:13.560 --> 0:27:17.600
<v Speaker 1>up the large majority of trading on the stock market

0:27:17.680 --> 0:27:20.080
<v Speaker 1>and through through high frequency trading, right yeah, and some

0:27:20.160 --> 0:27:23.480
<v Speaker 1>of them are even able to react to stuff that

0:27:23.480 --> 0:27:26.239
<v Speaker 1>happens in the news. And this is an example of

0:27:26.280 --> 0:27:27.919
<v Speaker 1>one of the things that happened in the news that

0:27:28.040 --> 0:27:31.320
<v Speaker 1>was a fake story that made a huge impact. So

0:27:31.359 --> 0:27:34.639
<v Speaker 1>the fake story was planted by the Syrian Electronic Army,

0:27:34.840 --> 0:27:38.800
<v Speaker 1>which hacked into a newswire account official account, the APES

0:27:38.800 --> 0:27:43.320
<v Speaker 1>account Associated Presses, so Big Times and Associated Presses one

0:27:43.400 --> 0:27:46.840
<v Speaker 1>of those services that other news services rely upon to

0:27:46.960 --> 0:27:49.800
<v Speaker 1>get breaking news and then they report it further out.

0:27:50.359 --> 0:27:54.199
<v Speaker 1>So ap s official Twitter feed sends out a message

0:27:54.200 --> 0:27:57.280
<v Speaker 1>that says breaking two explosions in the White House and

0:27:57.280 --> 0:28:01.239
<v Speaker 1>Barack Obama is injured. Now the story was completely bogus, right,

0:28:01.280 --> 0:28:04.359
<v Speaker 1>of course, that never happened. But that tweet caused a

0:28:04.480 --> 0:28:07.560
<v Speaker 1>lot of I mean obviously caused a lot of commotion,

0:28:07.680 --> 0:28:11.920
<v Speaker 1>including a serious dip in the stock market to because

0:28:11.920 --> 0:28:15.240
<v Speaker 1>these algorithms saw that and based on that changed their

0:28:15.320 --> 0:28:19.240
<v Speaker 1>their trading methods. Yeah, as dramatically as it turned out. Now. Granted, uh,

0:28:19.520 --> 0:28:22.040
<v Speaker 1>most of the ground that was lost in that that

0:28:22.520 --> 0:28:25.320
<v Speaker 1>commotion would be gained back over the next day or

0:28:25.359 --> 0:28:28.159
<v Speaker 1>so over the course of the following day. Yeah. However,

0:28:28.560 --> 0:28:31.240
<v Speaker 1>it just shows the kind of power that the Twitter

0:28:31.359 --> 0:28:34.760
<v Speaker 1>has that um, that that even in world money markets,

0:28:35.000 --> 0:28:38.680
<v Speaker 1>people had begun using this service to trade information. Yeah,

0:28:39.000 --> 0:28:42.920
<v Speaker 1>pretty phenomenal. Summer of two thousand, that's when we say

0:28:42.960 --> 0:28:46.760
<v Speaker 1>goodbye to a dear old friend. Yes, Twitter officially retired

0:28:46.920 --> 0:28:50.000
<v Speaker 1>the fail whale. Um it didn't really need them so

0:28:50.080 --> 0:28:53.200
<v Speaker 1>much anymore. Um, they had the capacity thing pretty much

0:28:53.200 --> 0:28:56.520
<v Speaker 1>worked out at that point. Uh. The the artist Yeing

0:28:56.640 --> 0:29:01.000
<v Speaker 1>Liu even created a success lockness graphic for the team.

0:29:01.200 --> 0:29:03.400
<v Speaker 1>It was kind of a controversial decision, actually, a lot

0:29:03.440 --> 0:29:05.680
<v Speaker 1>of people kind of missed the fail will and have

0:29:05.760 --> 0:29:09.680
<v Speaker 1>complained about it having gone away, and Chris Fry in response,

0:29:09.760 --> 0:29:12.920
<v Speaker 1>the senior VP of Engineering at Twitter, said an interview

0:29:12.920 --> 0:29:16.680
<v Speaker 1>with Wired in November, and I quote, it had a

0:29:16.680 --> 0:29:19.280
<v Speaker 1>long history and some of our users feel very connected

0:29:19.280 --> 0:29:21.400
<v Speaker 1>to it, But in the end, it did represent a

0:29:21.480 --> 0:29:23.320
<v Speaker 1>time when I don't think we lived up to what

0:29:23.400 --> 0:29:26.280
<v Speaker 1>the world needed Twitter to be. Yeah. So, I mean

0:29:26.560 --> 0:29:28.200
<v Speaker 1>you miss it in the sense that it was kind

0:29:28.200 --> 0:29:31.600
<v Speaker 1>of a cute little thing. That also was anytime the

0:29:31.640 --> 0:29:34.280
<v Speaker 1>fail will popped up, it was almost a marker of

0:29:34.320 --> 0:29:36.800
<v Speaker 1>something socially significant. You knew that something. Yeah, every time

0:29:36.840 --> 0:29:38.480
<v Speaker 1>I saw it, I was like, is it just a

0:29:38.560 --> 0:29:41.760
<v Speaker 1>Thursday or is something crazy going right now? That's that's

0:29:41.840 --> 0:29:45.400
<v Speaker 1>that's fair. Sometimes it wasn't anything socially significant. It was

0:29:45.440 --> 0:29:47.080
<v Speaker 1>just the Twitter had a hiccup. It was just people

0:29:47.080 --> 0:29:49.280
<v Speaker 1>were getting out of work or whatever. But yeah, I

0:29:49.320 --> 0:29:51.800
<v Speaker 1>love that. I love that the fail will. The image

0:29:51.800 --> 0:29:55.840
<v Speaker 1>of the image of failure is a whale, a real creature,

0:29:56.320 --> 0:29:59.400
<v Speaker 1>and the image of success is the luckedest monster, a

0:29:59.560 --> 0:30:03.240
<v Speaker 1>not old creature. I don't know what that says philosophically,

0:30:03.560 --> 0:30:07.440
<v Speaker 1>but I love it. Uh. In September two thousand thirteen,

0:30:07.600 --> 0:30:11.560
<v Speaker 1>a startup called topsy offered a searchable archive of Twitter's

0:30:11.840 --> 0:30:15.320
<v Speaker 1>entire history, which at that time already consisted of more

0:30:15.400 --> 0:30:20.560
<v Speaker 1>than four hundred twenty five billion tweets. So I tried

0:30:20.600 --> 0:30:22.720
<v Speaker 1>this out. Actually before the podcast, I went to topsy

0:30:22.760 --> 0:30:25.160
<v Speaker 1>and I started searching my Twitter feed because you know,

0:30:26.840 --> 0:30:31.560
<v Speaker 1>I'm an egomaniacs. So I did my search. However, um

0:30:31.800 --> 0:30:34.880
<v Speaker 1>mine didn't go back to the earliest tweets. Actually it

0:30:34.920 --> 0:30:37.520
<v Speaker 1>was it was pretty far into my tweets. It was

0:30:37.840 --> 0:30:40.640
<v Speaker 1>maybe a year or two into my tweets. However, that

0:30:40.720 --> 0:30:42.560
<v Speaker 1>being said, you can go to Twitter. If you go

0:30:42.600 --> 0:30:44.800
<v Speaker 1>to Twitter and you choose the settings on the web

0:30:44.800 --> 0:30:48.120
<v Speaker 1>based uh Twitter. If you go to their actual web page,

0:30:49.280 --> 0:30:52.440
<v Speaker 1>use the settings on that you can request an archive

0:30:52.640 --> 0:30:55.800
<v Speaker 1>of all the tweets you have ever sent. They will

0:30:55.840 --> 0:30:58.680
<v Speaker 1>send it to you in a spreadsheet format to actually

0:30:58.680 --> 0:31:00.280
<v Speaker 1>send you a link where you can download it in

0:31:00.320 --> 0:31:03.000
<v Speaker 1>spreadsheet format. And so I was able to do that

0:31:03.360 --> 0:31:08.520
<v Speaker 1>and look back on my Twitter messages. So, yeah, November seven,

0:31:08.600 --> 0:31:12.600
<v Speaker 1>big day for Twitter. Yeah. Yeah, they held their um

0:31:12.640 --> 0:31:15.160
<v Speaker 1>their I p O, their initial public offering. Yeah, so

0:31:15.640 --> 0:31:19.760
<v Speaker 1>their initial offering price was twenty six dollars per share

0:31:19.840 --> 0:31:23.760
<v Speaker 1>when the market actually opened. Because offer price and opening

0:31:23.760 --> 0:31:26.640
<v Speaker 1>price are not the same thing. The opening price was

0:31:26.680 --> 0:31:30.200
<v Speaker 1>at forty five dollars and ten cents per share, not

0:31:30.200 --> 0:31:31.800
<v Speaker 1>not that not bad, although by the end of the

0:31:31.840 --> 0:31:34.080
<v Speaker 1>first day of trading it was at forty four dollars

0:31:34.840 --> 0:31:37.440
<v Speaker 1>ninety cents, so not as high as the opening price.

0:31:37.480 --> 0:31:39.240
<v Speaker 1>Well that's that's not a bad drop at all. No,

0:31:39.360 --> 0:31:42.160
<v Speaker 1>and it was still much higher than the offer price

0:31:42.160 --> 0:31:44.960
<v Speaker 1>of twenty six dollars. So the increase from the offer

0:31:45.000 --> 0:31:48.880
<v Speaker 1>price was seventy three and it raised about one point

0:31:48.960 --> 0:31:51.360
<v Speaker 1>eight billion dollars. Now, keep in mind this is a

0:31:51.360 --> 0:31:55.920
<v Speaker 1>company that was originally started as a five million dollars startup. Yeah,

0:31:55.960 --> 0:31:59.640
<v Speaker 1>that was kind of taken on as a discard almost. Yeah,

0:31:59.640 --> 0:32:01.920
<v Speaker 1>so this is where you have all those investors who

0:32:02.240 --> 0:32:06.320
<v Speaker 1>felt who had back their shares. I can see why

0:32:06.360 --> 0:32:08.680
<v Speaker 1>there's some bad blood about the decision. Yeah, there there

0:32:08.720 --> 0:32:10.840
<v Speaker 1>could be some people who at least feel like I

0:32:10.880 --> 0:32:12.640
<v Speaker 1>wish I had put up more of a fight and

0:32:12.680 --> 0:32:15.520
<v Speaker 1>said no, no, let me support this new thing you

0:32:15.560 --> 0:32:19.000
<v Speaker 1>are doing. I still feel like, like Obvious Corps can't

0:32:19.000 --> 0:32:22.680
<v Speaker 1>be anything other than a terrific joke. I mean, like

0:32:22.680 --> 0:32:27.360
<v Speaker 1>like like Williams just trolled all the investors. I mean,

0:32:28.000 --> 0:32:30.640
<v Speaker 1>I don't know the man, so I'm not gonna I'm

0:32:30.640 --> 0:32:32.160
<v Speaker 1>not gonna say it one way or the other, but

0:32:32.200 --> 0:32:35.880
<v Speaker 1>it is a certainly an appealing idea speaking of some

0:32:35.960 --> 0:32:40.160
<v Speaker 1>of those initial investors and creators. Yeah, December two thousand thirteen,

0:32:40.320 --> 0:32:43.320
<v Speaker 1>Jack Dorsey becomes a member of the board of directors

0:32:43.400 --> 0:32:47.720
<v Speaker 1>for a little company called Disney. You know you have

0:32:47.880 --> 0:32:51.440
<v Speaker 1>made it when Disney has you on their board of directors.

0:32:51.920 --> 0:32:54.400
<v Speaker 1>I mean, like Steve Jobs was on that board for

0:32:54.440 --> 0:32:56.880
<v Speaker 1>a while. I mean, these like some of the top names,

0:32:56.920 --> 0:32:59.200
<v Speaker 1>and it's odd to think, in a way, it's odd

0:32:59.240 --> 0:33:02.560
<v Speaker 1>to think of people for the Silicon Valley field becoming

0:33:02.680 --> 0:33:04.720
<v Speaker 1>members of the board of directors, But Disney's got a

0:33:04.800 --> 0:33:08.880
<v Speaker 1>history with that, so yeah, pretty phenomenal stuff. And then

0:33:09.240 --> 0:33:11.800
<v Speaker 1>getting up to near the present day. We're recording this

0:33:11.880 --> 0:33:18.800
<v Speaker 1>in early February, and on February six, Twitter shares dropped

0:33:18.840 --> 0:33:22.120
<v Speaker 1>twenty eight percent in value after the company revealed that

0:33:22.160 --> 0:33:24.640
<v Speaker 1>it was having trouble increasing the size of its user

0:33:24.720 --> 0:33:28.160
<v Speaker 1>base and that it didn't grow as quickly as in

0:33:28.320 --> 0:33:31.520
<v Speaker 1>previous quarters. So they said that they had only a

0:33:31.560 --> 0:33:34.600
<v Speaker 1>five percent increase in users, and in general, people were

0:33:34.600 --> 0:33:38.560
<v Speaker 1>spending less time looking at their Twitter feeds. So that

0:33:38.640 --> 0:33:42.440
<v Speaker 1>made even though they were profitable, or at least they

0:33:42.440 --> 0:33:47.040
<v Speaker 1>were making more revenue than before. Uh, they this kind

0:33:47.040 --> 0:33:51.960
<v Speaker 1>of decrease in um in in Yeah, and and just

0:33:51.960 --> 0:33:56.520
<v Speaker 1>just the the users experience meant that some shareholders were

0:33:56.600 --> 0:34:00.360
<v Speaker 1>starting to feel a little uneasy about the little bit. Yeah.

0:34:00.360 --> 0:34:02.840
<v Speaker 1>So shares were trading at fifty two dollars and twenty

0:34:02.840 --> 0:34:05.160
<v Speaker 1>three cents after the drop, so, I mean, it's still

0:34:05.280 --> 0:34:07.880
<v Speaker 1>higher than what that initial price was earlier back in

0:34:08.000 --> 0:34:12.560
<v Speaker 1>two but you know, the at the height of Twitter's

0:34:13.280 --> 0:34:17.280
<v Speaker 1>trading it was much more than that. So we're still

0:34:17.400 --> 0:34:20.200
<v Speaker 1>kind of watching what's happening here. I mean, obviously, that

0:34:20.360 --> 0:34:23.120
<v Speaker 1>was one quarter, and things can change quarter to quarters

0:34:23.120 --> 0:34:28.120
<v Speaker 1>sometimes sometimes behaviors change in unpredictable ways. And then you know,

0:34:28.200 --> 0:34:31.120
<v Speaker 1>the most recent quarter has stuff like the Super Bowl,

0:34:31.239 --> 0:34:34.920
<v Speaker 1>which had a lot of Twitter activity around it. We've

0:34:34.960 --> 0:34:38.839
<v Speaker 1>got we've also got all of the awards seasons that's

0:34:38.840 --> 0:34:42.759
<v Speaker 1>gonna i mean singular awards season, but awards shows right

0:34:43.000 --> 0:34:46.840
<v Speaker 1>exactly exactly. We're gonna have things like all the Oscars

0:34:46.840 --> 0:34:49.000
<v Speaker 1>and Emmies and stuff like that all get tweeted all

0:34:49.040 --> 0:34:52.080
<v Speaker 1>the time. So um and then south by southwest. So

0:34:52.600 --> 0:34:54.439
<v Speaker 1>you might say that the end of the year, once

0:34:54.480 --> 0:34:56.800
<v Speaker 1>the year starts winding down, it tends to be quiet anyway,

0:34:56.880 --> 0:34:59.759
<v Speaker 1>unless something major happens in the news. But then the

0:34:59.760 --> 0:35:02.560
<v Speaker 1>big getting of the following year tends to get pick up. Yeah,

0:35:02.600 --> 0:35:04.719
<v Speaker 1>because you start seeing some of those events happened ce

0:35:05.000 --> 0:35:07.920
<v Speaker 1>s happening in January. Like, it's just that that I

0:35:07.920 --> 0:35:09.719
<v Speaker 1>would say the front half of the year tends to

0:35:09.719 --> 0:35:12.480
<v Speaker 1>be more heavily loaded unless the back half of your

0:35:12.560 --> 0:35:16.960
<v Speaker 1>year happens to have a few major revolutions that happened

0:35:16.960 --> 0:35:21.000
<v Speaker 1>throughout the world. Oh certainly. Um, you know, I I

0:35:21.040 --> 0:35:24.400
<v Speaker 1>don't know. I think that the general social media sphere

0:35:24.600 --> 0:35:27.520
<v Speaker 1>is going to change a lot over possibly the next year.

0:35:27.520 --> 0:35:30.560
<v Speaker 1>I mean, you know, it's continually in flux as people

0:35:31.000 --> 0:35:33.880
<v Speaker 1>join and and leave social networks. But this is this

0:35:33.920 --> 0:35:35.960
<v Speaker 1>is an interesting time for these for these two giants,

0:35:36.040 --> 0:35:38.680
<v Speaker 1>Twitter and Facebook, which really got their starts kind of

0:35:38.719 --> 0:35:42.200
<v Speaker 1>at the same time and are starting to mature in

0:35:42.239 --> 0:35:44.360
<v Speaker 1>a way that is kind of a turn up to

0:35:44.600 --> 0:35:48.200
<v Speaker 1>that that young base of users that are so attractive. Yeah,

0:35:48.200 --> 0:35:51.520
<v Speaker 1>it's interesting that I I've I've heard although I don't

0:35:51.560 --> 0:35:53.719
<v Speaker 1>have any research in front of me. So it may

0:35:53.719 --> 0:35:57.000
<v Speaker 1>be that I'm I'm remembering this incorrectly, but I remember

0:35:57.040 --> 0:36:00.880
<v Speaker 1>hearing that the trend was that younger users were trending

0:36:00.880 --> 0:36:04.120
<v Speaker 1>more toward Twitter and less towards Facebook. That's what I've heard,

0:36:04.200 --> 0:36:05.880
<v Speaker 1>which is weird because it was just a couple of

0:36:05.920 --> 0:36:09.319
<v Speaker 1>years ago. It was exactly the opposite. Right, The average

0:36:09.360 --> 0:36:12.239
<v Speaker 1>age of someone using Twitter was in their thirties, and

0:36:12.320 --> 0:36:14.800
<v Speaker 1>the average age of someone using Facebook was a little younger.

0:36:14.840 --> 0:36:17.239
<v Speaker 1>And now it's starting to shift as young people move

0:36:17.320 --> 0:36:21.560
<v Speaker 1>toward Twitter and this short messaging service style of communication.

0:36:21.760 --> 0:36:23.520
<v Speaker 1>I think I think part of the problem with Facebook

0:36:23.600 --> 0:36:26.440
<v Speaker 1>is that as as that that Facebook group got older,

0:36:26.560 --> 0:36:29.719
<v Speaker 1>is more adults started saying, Hey, what's this thing all

0:36:29.719 --> 0:36:31.719
<v Speaker 1>these kids are doing, and then got on it, and

0:36:31.719 --> 0:36:34.399
<v Speaker 1>then their kids went, oh, my parents are on here.

0:36:34.560 --> 0:36:36.560
<v Speaker 1>I don't want to hear anymore. Well. Yeah, when you

0:36:36.600 --> 0:36:39.920
<v Speaker 1>think about the younger generation that's coming into using social media,

0:36:40.160 --> 0:36:43.080
<v Speaker 1>they're following the previous generation. So now it just looks

0:36:43.080 --> 0:36:45.560
<v Speaker 1>like it's a bunch of old people on that. Why

0:36:45.600 --> 0:36:48.720
<v Speaker 1>do I want to join the old person club? Um?

0:36:48.760 --> 0:36:51.879
<v Speaker 1>And the reason is we have cookies. Yeah, we make

0:36:51.920 --> 0:36:54.680
<v Speaker 1>the money so we can buy the cookies. So that's

0:36:54.680 --> 0:36:57.799
<v Speaker 1>why you want to join Get off my lawn, all right,

0:36:57.920 --> 0:37:00.520
<v Speaker 1>So that kind of wraps up the Twitter or story

0:37:00.640 --> 0:37:03.840
<v Speaker 1>part two. I hope you guys enjoyed this. This look

0:37:03.920 --> 0:37:06.799
<v Speaker 1>at a company that a lot of us use but

0:37:07.040 --> 0:37:10.400
<v Speaker 1>maybe not know that much about. UM. Now, if you

0:37:10.440 --> 0:37:13.720
<v Speaker 1>have any suggestions for future topics of tech stuff, whether

0:37:13.760 --> 0:37:17.840
<v Speaker 1>it's another company or technology, or just something technology related

0:37:17.880 --> 0:37:20.799
<v Speaker 1>that you've always wanted to hear us tackle, let us

0:37:20.880 --> 0:37:24.160
<v Speaker 1>know you send us a message on email. You can

0:37:24.200 --> 0:37:27.759
<v Speaker 1>send that to tech stuff at Discovery dot com, or

0:37:27.880 --> 0:37:30.280
<v Speaker 1>drop us a line on social networks. Were on Tumblr,

0:37:30.280 --> 0:37:32.359
<v Speaker 1>we're on Facebook, and we're on this funny little thing

0:37:32.400 --> 0:37:35.600
<v Speaker 1>called Twitter, and all three of those we used to

0:37:35.640 --> 0:37:39.560
<v Speaker 1>handle text stuff hs W and Lauren and I will

0:37:39.560 --> 0:37:45.440
<v Speaker 1>talk to you again really soon for more on this

0:37:45.600 --> 0:37:48.080
<v Speaker 1>and thousands of other topics. Does it house Stuff works

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<v Speaker 1>dot com