Twitter tweet 15 years old auction

Image via Adobe Stock

Twitter turns 15: First tweet sells for R42.9 million on auction

Happy birthday, Twitter!

Twitter tweet 15 years old auction

Image via Adobe Stock

Fifteen years ago today, the founder of Twitter – Jack Dorsey – sent the first tweet out into the interwebs in March 2006: “just setting up my twttr”. His tweet is now being sold at an auction for a cool $2.5 million.

First tweet on auction

That’s correct. While most of us are trying to go viral and reach maybe a few hundred – or possibly a few thousand – retweets, the first-ever tweet sold for nearly $3 million, or R42 902 407 million.

Soon after the first tweet was twitted (that’s a word, look it up), Twitter skyrocketed as a global social media platform and has “become a controversial and dominant force in civil society”, according to AFP.

“It has been a long, strange journey for the social network, which in January deleted former president Donald Trump’s account after he was blamed for inciting the violent insurrection on the US Capitol in January by extremist supporters seeking to overturn his election loss”.

Funds donated to charity

The bidding on Dorsey’s tweet ended on Sunday, 21 March, with the founder saying we will donate the funds to charity. The tweet was sold as an NFT (non-fungible token) which is a unit of data on a digital ledger.

AFP explains that “NFTs use the same blockchain technology behind cryptocurrencies to turn anything from art to sports trading cards into virtual collector’s items that cannot be duplicated”.

True to his word, Dorsey transferred 50.8761668 Bitcoin (approximately R41 855 377,62 at the time of publishing) to Africa Response via the Give Directly platform.

The tweet was sold to Sina Estavi, the Chief Executive Officer at Bridge Oracle. The bidding logs can be viewed here.

Quotes via AFP.