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June 29, 2011

Twitter founders to focus on ‘Obvious’ relaunch

Six-year-old company had originally incubated Twitter  

By CBR Staff Writer

Founders of Twitter Biz Stone and Evan Williams are planning to relaunch Obvious – the technology incubator that led to the birth of the 5-year-old micro-blogging site.

Obvious was created about six years ago. It’s mission was to find failed technology start-ups and revive them Twitter was one such project.

"Although it was incubated for about half a year at Obvious, Twitter was now its own fast growing company, and it demanded all of our attention," said Stone.

It was on 21 March 2006 that co-founder Jack Dorsey sent the first tweet. Today, Twitter has over 200 million registered accounts all over the world. It registers nearly 500,000 new users each day. Earlier this year, in a valuation at a private auction of Twitter shares by Sharespost, the micro-blogging company was valued at $7.7bn.

Along with Dorsey, Twitter co-founders are Biz Stone and Evan Williams. However, now they would focus on the success of Obvious.

A statement on the Obvious website says that the "Corporation makes systems that help people work together to improve the world. The proliferation of technology can seem superfluous, but with the right approach, technology can benefit individuals, organisations, and society.

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We are relaunching the company that originally incubated Twitter with a high level of commitment to making a difference and developing products that matter.

All the three founders have said that they will "remain involved with Twitter" and that they are "deeply invested in the company’s long term success."

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