August 24, 2016 1:00 PM ET

Internet Software and Services

Company Overview of Twitter, Inc.

Company Overview

Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to create, distribute, and discover content; and Periscope and Vine, a mobile application that enables user to broadcast and watch video live. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends that enable its advertisers to promote their brands, products, and services; and subscription access to its data feed for data partners. In addition, the company offers a set of tools, public APIs, and embeddable widgets for developers to contribute their ...

1355 Market Street

Suite 900

San Francisco, CA 94103

United States

Founded in 2006

3,860 Employees

Phone:

415-222-9670

Key Executives for Twitter, Inc.

Co-Founder, Chief Executive Officer and Director
Age: 39
Executive Chairman
Age: 52
Total Annual Compensation: $9.6K
Chief Financial Officer
Age: 47
Total Annual Compensation: $250.0K
Director of Communications, General Counsel and Secretary
Age: 41
Total Annual Compensation: $284.0K
Compensation as of Fiscal Year 2015.

Twitter, Inc. Key Developments

Twitter Unveils Features to Filter Tweets, Notifications

Twitter has announced two new settings that will allow users to control what they see in their feeds and what notifications they receive. Twitter says in a blog post that it has modified its notification settings to include the ability to see only notifications from people they follow. It's also introducing what it calls a "quality filter" that it says can improve the quality of tweets users see. Twitter says the feature will filter out duplicate tweets or content that appears to be automated.

Judge Dismisses Suit Accusing Twitter of Supporting Islamic State Group

A federal judge in San Francisco has dismissed a lawsuit accusing Twitter of supporting the Islamic State group. The families of two men killed in Jordan claimed that Twitter had contributed to their deaths by allowing the group to sign up for and use Twitter accounts. The judge agreed with Twitter that the company cannot be held liable because federal law protects service providers that merely offer platforms for speech, without creating the speech itself. The federal Communications Decency Act has long protected service providers for remarks made and actions taken by their users, so Wednesday's ruling came as no surprise. But that law runs in conflict with an anti-terrorism law prohibiting support for groups like the IS. The families have the option to amend and refile the case. Lloyd Carl Fields Jr. and James Damon Creach were shot and killed in 2015 while working as U.S. government contractors in Amman, Jordan, according to the lawsuit. The Islamic State group later claimed responsibility for their deaths. The lawsuit names Anwar Abu Zaid as the lone gunman. Orrick noted that the lawsuit didn't claim that the IS recruited or communicated with Abu Zaid over Twitter, nor did the lawsuit accuse either of using Twitter to plan, carry out or raise funds for the attack. Rather, the lawsuit said Twitter provided material support in allowing the use of Twitter accounts for recruitment and other purposes.

Twitter Reportedly Up For Sale

Twitter, Inc. (NYSE:TWTR) is reportedly up for sale. Twitter disappointed investors with second-quarter earnings. With the stock falling almost 15% on July 27, 2016, Twitter shares are down 50%. Twitter continues to show almost no growth in its user base of a little over 300 million, an ominous sign, and advertising revenues are showing surprising softness; the company cuts its forward revenue estimate for the next quarter to $590 million- $610 million. Google, Disney and Apple have reportedly been mentioned as possible acquirers of Twitter over the years. People familiar with the matter said that, it was highly unlikely that there would be any move to oust Dorsey or actively seek a sale of the company anytime soon. Jack Dorsey the Chief Executive Officer of Twitter when asked the value in remaining an independent company, said "there's so much farther for us to go" as a company and business of importance.

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