Twitter is a popular microblogging service that provides the service of distributing short messages among different groups of recipients both on personal computers and mobile devices.
Twitter works to incorporate several social networking websites with instant messaging technology to create a unique network where people from around the world can communicate, posting brief messages, also known as “tweets ”, on a live feed, and being able to like and repost the tweets of others, and commenting on these tweets.
Twitter was developed according to Ruby on Rails which is a web application framework unique to the Ruby computer programming language, the interface allows for both the adaption and integration with other online services.
Twitter was designed in 2006 and it was debuted in 2007 at the South by Southwest music conference. A month after its debut, Twitter, Inc. was formed as a corporate entity following the infusion of venture capital.
If you invested in R10 000 in Twitter in 2013, how much money would you have now?
Twitter filed to become a public company in 2013 and its initial public offering (IPO) raised $1.8 billion (25 billion ZAR), which gave it a total market value of $31 billion (440 billion ZAR).
At its IPO, Twitter’s share price was $41.65 (R591.85), which means that for an investment amount of R10,000, you could have purchased 16 TWTR shares. The current price of Twitter shares is $61.56 (R874.77), which means that your R10,000 initial investment would have increased to R13,996.32, giving you a total return of R3,9996.32 or 39.96%.
Twitter shows steady performance in the last 9 years, with prices in 2021 reaching near all-time highs that they last experienced in 2013. Twitter is still one of the most popular social messaging platforms of its kind, despite a rise in competition, making it a viable investment option.