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History of all social media platforms, net worth, their owners and users

The social media platforms we enjoy today all started in the 21st century but it seems like it has been there for centuries. With all features you can think. Social media can make one sleep over it, it's amazing how social media platforms like facebook and Instagram attract over a billion users worldwide and platforms like Google + shut down due to low usag. 
Below we bring you the brief history. Users and Net worth of all major social media platforms 
Facebook Headquarters 









 


1.FACEBOOK

Mark Zuckerberg, 23, founded Facebook while studying psychology at Harvard University. A keen computer programmer, Mr Zuckerberg had already developed a number of social-networking websites for fellow students, including Coursematch, which allowed users to view people taking their degree, and Facemash, where you could rate people's attractiveness.
In February 2004 Mr Zuckerberg launched "The facebook", as it was originally known; the name taken from the sheets of paper distributed to freshmen, profiling students and staff. Within 24 hours, 1,200 Harvard students had signed up, and after one month, over half of the undergraduate population had a profile.

The network was promptly extended to other Boston universities, the Ivy League and eventually all US universities. It became Facebook.com in August 2005 after the address was purchased for $200,000. US high schools could sign up from September 2005, then it began to spread worldwide, reaching UK universities the following month.

The social network was founded in 2004 and reached the 1 billion-user milestone in October 2012, meaning it has signed up around 580,000 new users a day since then.

It was revealed that Mark Zuckerberg stoled someone's idea and created Facebook but he was only hired by Divya Narendra to program a website and he stoked the source code and created what is Called Facebook today.

Currently Facebook is said to be worth $67 billion 

2.TWITTER


Twitter Headquaters






 

 

Early Twitter

The twitter we use today was founded 21 March 2006, San Francisco, California, United States
Twitter began as an idea that Twitter co-founder Jack Dorsey had in 2006. Dorsey had originally imagined Twitter as an SMS-based communications platform. Groups of friends could keep tabs on what each other were doing based on their status updates. Like texting, but not.
During a brainstorming session at the podcasting company Odeo, Dorsey proposed this SMS-based platform to Odeo's co-founder Evan Williams Evan, and his co-founder Biz Stone  by extension gave Jack the go-ahead to spend more time on the project and develop it further.

In its early days, Twitter was referred to as twttr. At the time, a popular trend, sometimes to gain a domain-name advantage, was to drop vowels in the name of their companies and services. Software developer Noah Glass  is credited with coming up with the original name twttr as well as its final in

The First Tweet

Jack sent the first message on Twitter on March 21, 2006, 9:50 p.m. It read, "just setting up my twttr."

Twitter Achieves Explosive Growth

Twitter was now on the cusp of its biggest growth spurt. The 2007 South By Southwest  Interactive conference saw a huge explosion of Twitter usage. More than 60,000 tweets were sent per day at the event. The Twitter team had a huge presence at the event and took advantage of the viral nature of the conference and its attendees.
Twitter had its fair share of growing pains during its formative years. Twitter's user base grew at astounding rates and quite frequently the service would be over capacity.

Is It A 140-Character Limit or 280-Character Limit?

The reason Twitter imposes a character limit on tweets is that Twitter was originally designed as an SMS-based platform. In its early days, 140 characters were the limit that mobile carriers imposed with SMS protocol standard so Twitter was simply creatively constrained. As Twitter eventually grew into a web platform, the 140-character limit remained as a matter of branding.
In 2017, however, Twitter decided that the 140-character limit was no longer relevant in the smartphone age and it increased the tweet limit to 280 characters over minor protestations. Most tweets, the company explained, hover around 50 characters; when people needed more characters, they simply sent more tweets. The character increase was designed to help Twitter users spend less time condensing their thoughts and more time talking.

User Innovation on Twitter

As Twitter's user base started growing, a funny thing started to happen: Users created new jargon and different ways to use the service. Think of it as innovation borne of necessity.
Initially, users had no way of replying to one another on Twitter. Some users would include an @ symbol before a username to identify another user within a Tweet. This became such a prevalent way to acknowledge another user that the Twitter team added the functionality natively to the Twitter platform. The same thing happened with hashtags, which are now an integral part of the Twitter ecosystem.
This user-driven functionality is also the source of retweets. Users wanted a way to re-post a message from a Twitter user while including credit to the user who originally tweeted it. Users started to add RT before sending the message, signaling to their followers that the following tweet was a report. In August 2010, this functionality was officially added to the platform.
TWITTER IN A NUTSHELL 
FOUNDERS: 
1. Jack Dorsey 
2. Noah Glass 
3. Biz Stone 
4. Evan Williams 
YEAR FOUNDED : 21st march 2006
HEADQUARTERS: San Francisco,  California,  United States
USERS: 126 million 
NET WORTH: $10 billion 

3.INSTAGRAM
Instagram Headquarters 















This is the real story of how Instagram started working.
It started as a part-time project by Kevin Systrom when he was learning to code. And after he met mike Krieger, they created Instagram
After learning to code, he built an HTML5 prototype called burbn ( the name was inspired by his love of fine whiskeys and bourbon ) burbn was an app (multi-faceted) that allowed users to check in, post their plans and share photos like facebook. It was a mix of check-in and gaming _foursquere and mafia wars!_ and photo sharing in one app. But it was confusing, so it didn’t succeed. People were just using the app to share their photo. Coffee photos, dog photos, bathroom mirror photos! Everyday life photos. This was the time Krieger came on board. He joined systrom in Dogpatch labs at San Francisco’s pier 38. They looked at how burbn users loved photo sharing and then studied every favorite app in photosharing category.
So they canceled burbn and started over. They spent some time experimenting and searching. There was a prototype for Instagram called scotch, but it didn’t have filters and was full of bugs.
Finally!
After months of trying, Instagram was created and launched on oct.06.2010. 25000 users showed up on the first day!
After that, it was just growing itself. Instagram nailed the timing and hit one million users in three months! Then became 2 million which later became ten million users! And it was all organic growth without any advertisements.

The First Photo On Instagram

First photo on Instagram 


The first Instagram photo ever uploaded was the picture of the dolly ( Kevin systrom’s dog) when she was a puppy. Systrom said it was taken at Chilako tacos in Todos Santos.
The Fundings ( Series A )
With Instagram’s massive growth in users, investors became interested. In Jan 2011, the company began to meet with interested parties, and one month after that, Instagram raised about 7 million dollars from a variety of investors including benchmark capital. After that, the company got the attention of the leading companies on social media, twitter and facebook. This gave systrom and Krieger the opportunity to hire more people, but they kept it lean with a few employees.
Interests from twitter
Dorsey knew systrom from his intern time at Odeo, and he had a huge interest in the company. So, in March 2011 he offered around $500 millions in stock, reportedly. Systrom declined, he preferred that Instagram remain an independent company.
By March 2012, Instagram reached to 27 million users, and it was released for Android phones in April. It was downloaded more than one million times in less than one day. The company received a new round of funding at a valuation of $500 million
Interests from facebook
In April 2012, Zuckerberg (the founder of Facebook) made an offer to purchase Instagram for $1 billion in cash and stock, with the provision that the company would remain independently managed. Shortly after that, Facebook acquired the company for $ 1 billion in cash and stock.







 


Instagram history timeline:
  • October 6, 2010: Instagram launches
  • December 12, 2010: Instagram has 1 million users.
  • March 21, 2011: first worldwide instameet
  • August 3, 2011: 150 millionth photo upload
  • September 20, 2011: introducing version 2.0 with four new filters.
  • September 26, 2011: 10 million users!
  • November 21, 2011: the launch of weekend hashtag project #VHP
  • April 3, 2012: Instagram launches on android too.
  • April 9, 2012: Facebook buys Instagram.
  • June 28, 2012: Instagram designs photo pages for the web.
  • July 26, 2012: Instagram has 80 million users!
  • December 11, 2012: Version 3.2 with a new filter.
  • December 21, 2012: version 3.4.1 brings 25 languages in.
  • May 2, 2013: tag photos on Instagram.
  • June 20, 2013: introducing videos o instagram.
  • December 12, 2013: introducing Instagram direct.
  • Etc!
Now: Instagram has more than 1 billion monthly active users, up from 800 million in September 2017. Instagram is now one of the most popular social networks worldwide.
INSTAGRAM IN A NUTSHELL 
FOUNDERS :
kevin Systrom
Mike Krieger 
YEAR FOUNDED: 2010 
USERS: 1 billion 
NET WORTH: $100 billion 
HEADQUARTERS: New York 

4. WHATSAPP
whatsapp business account















 

2009–2014

WhatsApp was founded in 2009 by Brian Acton and Jan Koum, former employees of Yahoo!. After leaving Yahoo! in September 2007, they took some time off in South America. At one point, they applied for jobs at Facebook but were rejected.
In January 2009, after purchasing an iPhone and realizing the potential of the app industry on the App Store, Koum and Acton began visiting Koum's friend Alex Fishman in West San Jose to discuss a new type of messaging app that would "[show] statuses next to individual names of the people". They realized that to take the idea further, they'd need an iPhone developer. Fishman visited RentACoder.com, found Russian developer Igor Solomennikov, and introduced him to Koum.
Koum named the app WhatsApp to sound like "what's up". On February 24, 2009, he incorporated WhatsApp Inc. in California. However, when early versions of WhatsApp kept crashing, Koum considered giving up and looking for a new job. Acton encouraged him to wait for a "few more months.
In June 2009, Apple launched push notifications, allowing users to be pinged when they were not using an app. Koum changed WhatsApp so that when a user's status is changed, everyone in the user's network would be notified.WhatsApp 2.0 was released with a messaging component and the number of active users suddenly increased to 250,000. Although Acton was managing another startup, he decided to join the company. In October 2009, Acton persuaded five former friends at Yahoo! to invest $250,000 in seed funding, and Acton became a co-founder and was given a stake. He officially joined WhatsApp on November 1. After months at beta stage, the application launched in November 2009, exclusively on the App Store for the iPhone. Koum then hired a friend in Los Angeles, Chris Peiffer, to develop a BlackBerry version, which arrived two months later.
To cover the primary cost of sending verification texts to users, WhatsApp was changed from a free service to a paid one. In December 2009, the ability to send photos was added to the iPhone version. By early 2011, WhatsApp was one of the top 20 apps at Apple's U.S. App Store.
In April 2011, Sequoia Capital invested about $8 million for more than 15% of the company, after months of negotiation with Sequoia partner Jim Goetz.
By February 2013, WhatsApp had about 200 million active users and 50 staff members. Sequoia invested another $50 million, and WhatsApp was valued at $1.5 billion.
In a December 2013 blog post, WhatsApp claimed that 400 million active users used the service each month.

Facebook subsidiary (2014–present)

On February 19, 2014, months after a venture capital financing round at a $1.5 billion valuation, Facebook announced it was acquiring WhatsApp for US$19 billion, its largest acquisition to date. At the time, it was the largest acquisition of a venture-backed company in history. Sequoia Capital received an approximate 5000% return on its initial investment. Facebook, which was advised by Allen & Co, paid $4 billion in cash, $12 billion in Facebook shares, and (advised by Morgan Stanley) an additional $3 billion in restricted stock units granted to WhatsApp's founders Koum and Acton.Employee stock was scheduled to vest over four years subsequent to closing. Days after the announcement, WhatsApp users experienced a loss of service, leading to anger across social media.
The acquisition caused a considerable number of users to try and/or move to other message services. Telegram claimed that it acquired 8 million new users; and Line, 2 million.
At a keynote presentation at the Mobile World Congress in Barcelona in February 2014, Facebook CEO Mark Zuckerberg said that Facebook's acquisition of WhatsApp was closely related to the Internet.org vision.A TechCrunch article said this about Zuckerberg's vision: 
Just three days after announcing the Facebook purchase, Koum said they were working to introduce voice calls. He also said that new mobile phones would be sold in Germany with the WhatsApp brand, and that their ultimate goal was to be on all smartphones.
In August 2014, WhatsApp was the most globally popular messaging app, with more than 600 million users. By early January 2015, WhatsApp had 700 million monthly users and over 30 billion messages every day. In April 2015, Forbes predicted that between 2012 and 2018, the telecommunications industry would lose $386 billion because of OTT services like WhatsApp and Skype. That month, WhatsApp had over 800 million users. By September 2015, it had grown to 900 million; and by February 2016, one billion.
In November 30, 2015, the Android WhatsApp client made links to another message service, Telegram, unclickable and uncopyable. Multiple sources confirmed that it was intentional, not a bug,and that it had been implemented when the Android source code that recognized Telegram URLs had been identified (The word "telegram" appeared in WhatsApp's code.) Some considered it an anti-competitive measure, but WhatsApp offered no explanation. In response to the 2014 Facebook acquisition, Slate columnist Matthew Yglesias questioned whether the company's business model of charging users $1 a year was viable in the U.S.. It had prospered by exploiting a "loophole" in mobile phone carriers' pricing. "Mobile phone operators aren't really selling consumers some voice service, some data service, and some SMS service", he explained. "They are selling access to the network. The different pricing schemes they come up with are just different ways of trying to maximize the value they extract from consumers." As part of that, carriers sold SMS separately. This made it easy for WhatsApp to find a way to replicate SMS using data, then sell that service to mobile customers for $1 a year. "But if WhatsApp gets big enough, then carrier strategy is going to change", he predicted. "You stop selling separate SMS plans and just have a take-it-or-leave-it overall package. And then suddenly WhatsApp isn't doing anything."The situation may have been different in countries other than the United States.

Latest version of WhatsApp 

















 

Recent (2016–present)

On January 18, 2016, WhatsApp's co-founder Jan Koum announced that it would no longer charge users a $1 annual subscription fee, in an effort to remove a barrier faced by users without credit cards. He also said that the app would not display any third-party ads, and that it would have new features such as the ability to communicate with businesses.
By June 2016, the company's blog reported more than 100 million voice calls per day were being placed on WhatsApp.


On November 10, 2016, WhatsApp launched a beta version of two-step verification for Android users, which allowed them to use their email addresses for further protection.Also in November 2016, Facebook ceased collecting WhatsApp data for advertising in Europe.


On February 24, 2017, (WhatsApp's 8th birthday), WhatsApp launched a new Status feature similar to Snapchat and Facebook stories.


On May 18, 2017, it was reported that the European Commission would fine Facebook€110 million for "misleading" it during the 2014 takeover of WhatsApp. The Commission alleged that in 2014, when Facebook acquired the messaging app, it "falsely claimed it was technically impossible to automatically combine user information from Facebook and WhatsApp." However, in the summer of 2016, WhatsApp had begun sharing user information with its parent company, allowing information such as phone numbers to be used for targeted Facebook advertisements. Facebook acknowledged the breach, but said the errors in their 2014 filings were "not intentional.


In September 2017, WhatsApp's co-founder Brian Acton left the company to start a nonprofit group, later revealed as the Signal Foundation. WhatsApp also announced a forthcoming business platform to enable companies to provide customer service at scale, and airlines KLM and Aeroméxico announced their participation in the testing Both airlines previously launched customer services on the Facebook Messenger platform.


In January 2018, WhatsApp launched WhatsApp Business for small business use.


In April 2018, WhatsApp co-founder and CEO Jan Koum announced he would be leaving the company. Facebook later announced that Koum's replacement would be Chris Daniels.
Later in September 2018, WhatsApp introduced group audio and video call features.In October, the "Swipe to Reply" option was added to the Android beta version, 16 months after it was introduced for iOS.
WHATSAPP IN A NUTSHELL 
FOUNDERS: 
Jan koum 
Brian Acton 
YEAR FOUNDED : february 24, 2009 
HEADQUARTERS: mountain view, California, United States 
Parent: Facebook 
USERS : 1.5 billion 
NET WORTH : $20 billion 

5. SNAPCHAT 
SNAPCHAT headquarters 













Evan Spiegel, the CEO and founder of Snapchat and Bobby Murphy- his co-founder- met at the Stanford University where they created the initial version of Snapchat, which was known as Picaboo. Their main goal was to create an application that would help users send photos to their friends that would eventually vanish. This led to the development of Picaboo, which was first launched in July 2011 in the iOS App Store.

After that, a new problem arose; Screenshots. Users were able to take screenshots of the photos loaded on Picaboo, making the disappearing aspect of Picaboo messaging app useless. This made the founders to incorporate a workaround solution that would take care of the screenshot problem. They developed a notification feature where users could be notified whenever a follower took a screenshot of their content.

In September 2011, Evan Spiegel and Bobby Murphy rebranded the messaging app as Snapchat. They relaunched the application in the iOS App Store as Snapchat.

The founders focused more on improving the app’s technological improvements than marketing or branding it in an effort to make the user’s experience more natural. They wanted to build a tool that would make communication cooler than the traditional advertising.

On the 9th of May 2012, CEO Evan Spiegel published Snapchat’s first blog post explaining to users what they should expect from the application in the future. He said that Snapchat was not about capturing those Kodak moments. Instead, it was about interacting with the entire range of human emotions and not just conforming to unrealistic ideas of beauty and perfection. He described Snapchat as the answer to the stress that results from the permanency of personal data on social media (which was evidenced by photoshopping imperfections out of candid photos and emergency detagging of photos before a job interview).

It was during this same year that Snapchat for Android was launched in Google Play Store. This saw its user base grow to over 100,000 users.
In June 2013, Snapchat released the “Banquo”- Snapchat version 5.0 for iOS. This update brought about several designs and speed enhancements, including double tapping to reply, swipe navigation, in-app profiles and an enhanced friend finder. In the same year, they introduced Snapkidz version which was intended for users aged 13 years and below. Snapkidz allows users to take photos and draw or doodle on them. However, these photos cannot be sent to other users as they can only be saved on your local device.

In 2014, Snapchat introduced geofilters and Our Story; a feature that allows several users to add one shared Snapchat Story. They also struck a deal with Square Cash, allowing the app users to send and receive cash from the app.

As of 2015, the app users were sending over 2 billion videos each day, which drastically rose to 10 billion by the end of the same year. It introduced Discover, a fun, and interactive section, for content from media partners such as Comedy Central, CNN, National Geographic and more.

In May 2016, the company raised $1.81 billion in an equity offering, attracting strong investor. In September 2016, the company rebranded from Snapchat Inc. to Snap Inc. They also introduced the company’s first hardware tool –Spectacles. Spectacle is a pair of smartglasses that contain an inbuilt camera that can record 10 second videos at a time.

In February 2017, Spectacles became available for users to purchase online. In the same year, Snapchat reached 160 million active daily users and grew to 166 million in May of the same year. As of 2017, the App was valued at $24 billion.

SNAPCHAT IN A NUTSHELL 
FOUNDERS: 
Evan Spiegel 
Bobby Murphy 
YEAR FOUNDED: July 2011 
HEADQUARTERS: Los Angeles,Carolina,United States 
NET WORTH : $11 billion 







1 comment:

  1. He resides in Lincoln, Nebraska, on a 180-acre (73 ha) farm. Moreso, he has a street named after him in his own town of Pawnee City, Nebraska.
    Larry The Cable Guy

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