The decision was also partly due to the fact that domain was already in use, and it was six months after the launch of twttr that the crew purchased the domain and changed the name of the service to Twitter.
In October 2006, Biz Stone, Evan Williams, Dorsey, and other members of Odeo formed Obvious Corporation and acquired Odeo, together with its assets—including and Twitter.com—from the investors and shareholders. They called it a social network, they called it microblogging, but it was hard to define, because it didn't replace anything.
Vine videos shared on Twitter are visible directly in users' Twitter feeds.
Twitter declared that they would list on the New York Stock Exchange (NYSE), quashing speculation that their stock would trade on the NASDAQ exchange.
It is that, in part, but the insight we eventually came to was Twitter was really more of an information network than it is a social network.
"The Twitter people cleverly placed two 60-inch plasma screens in the conference hallways, exclusively streaming Twitter messages," remarked Newsweek's Steven Levy.
There was this path of discovery with something like that, where over time you figure out what it is.
Twitter actually changed from what we thought it was in the beginning, which we described as status updates and a social utility.
This decision was widely viewed to be a reaction to the botched initial public offering of Facebook.