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CONTROLLING CHAOS: Twitter's Wild Ride From Doodle To IPO

<div class="image-container float_right click-to-enlarge"><div class="image"><a title_source="Wikimedia, CC" title_caption="Dom Sagolla, left, wrote " Characters="" a="" book="" on="" writing="" for="" Twitter.="" class="zoomin" href="http://static5.businessinsider.com/image/5237064a6bb3f79a2edca741-960/800px-dom_sagolla_and_sarah_austin_at_the_it_won't_stay_in_vegas_blogger_party_at_atomic_testing_museum_-_consumer_electronics_show_2010_-_ces.jpg"></a><a href="http://commons.wikimedia.org/wiki/File:Dom_Sagolla_and_Sarah_Austin_at_the_It_Won%27t_Stay_in_Vegas_blogger_party_at_Atomic_Testing_Museum_-_Consumer_Electronics_Show_2010_-_CES.jpg">Wikimedia, CC</a>Dom Sagolla, left, wrote "140 Characters," a book on writing for <keyword id="6354616" type="CITY" weightage="60" keywordseo="Twitter">Twitter</keyword>.</div></div>When Twitter's IPO launches and its stock becomes publicly traded in a few months, the offering will create several instant millionaires. CEO <a href="http://www.nytimes.com/2013/09/14/technology/the-payday-at-twitter-many-were-waiting-for.html?ref=technology">Dick Costolo, who provided $25,000 in early investment money, has a stake worth about $10 million</a>, according to The New York Times.
But the Times also found a couple of workers from the early days of Twitter who didn't get any stock. One was <a href="http://www.linkedin.com/in/sagolla">Dom Sagolla, the former head of quality at Odeo</a> from 205 through 2006. Odeo was the forerunner company to Twitter. He told the Times:
"To see it come to life and have it taken away, I was devastated," said Dom Sagolla, an early employee of Twitter who was laid off in May 2006 and never received stock. While Mr. Sagolla has made some money by proxy from Twitter - he wrote a book that tells newcomers how to use the service and is doing some paid public speaking - he does not stand to benefit as Twitter heads to Wall Street.
Another was Florian Weber, a German programmer contractor. <a href="http://www.linkedin.com/profile/view?id=6498590&amp;authType=NAME_SEARCH&amp;authToken=mYWE&amp;locale=en_US&amp;srchid=88661811379337635991&amp;srchindex=2&amp;srchtotal=54&amp;trk=vsrp_people_res_name&amp;trkInfo=VSRPsearchId%3A88661811379337635991%2CVSRPtargetId%3A6498590%2CVSRPcmpt%3Aprimary">Weber was a lead developer at both Odeo and Twitter</a>. The Times says:
And then there were those who never got any stock at all, like Florian Weber, one of the earliest programmers at the company. He worked on the project before it was even fully separate from Odeo, the now-defunct company where it was hatched.
Mr. Weber, a German citizen, said he was hired as a contractor, not an employee, so he never received any stock options.
"Coming from Germany, it's not something that I pushed terribly hard for," said Mr. Weber, who often worked remotely from Hamburg and eventually tired of telecommuting.
"As far as I know, I'm the only one who does not have stock options," he said. But he has no regrets. He eventually started his own company, Amen, in Germany, which was just sold to a bigger firm, Tape.tv. "I'm very happy with my life."
The Times explains that in its early days, Twitter struggled and laid people off to conserve cash.

Two Of Twitter's Earliest Workers Didn't Get Any Of The Company's Stock In Upcoming IPO

Megastar <keyword id="6357912" type="General" weightage="20" keywordseo="Amitabh-Bachchan" source="Orion">Amitabh Bachchan</keyword> on Monday announced his association with the Indian Street Premier League (<keyword id="2305536" type="General" weightage="80" keywordseo="ispl" source="Orion">ISPL</keyword>) as the owner of team <keyword id="6358070" type="General" weightage="80" keywordseo="mumbai" source="Orion">Mumbai</keyword>. The ISPL is India's first tennis ball T10 cricket tournament that will be played inside a stadium, according to a press release. The inaugural edition is scheduled to be held from March 2 to March 9 in Mumbai. The tournament will feature 19 high-intensity matches, boasting a line-up of six teams - Hyderabad, Mumbai, Bengaluru, Chennai, Kolkata, and Srinagar. <keyword id="6354348" type="General" weightage="100" keywordseo="bachchan" source="Orion">Bachchan</keyword> said being part of the league marks a new beginning for him. "A new day .. and a new enterprise .. For me an honour and a privilege to be with Mumbai as Team Owner, and to be privy to the surge of talent erupt , for a grand visionary future .." the 81-year-old actor wrote on his personal blog. He described the ISPL as an exciting and a noble concept. "An opportunity for them that exhibited their capacity on the streets, gullies and make shift home made pitches to play cricket , now to get selected for a team professionally and exhibit their talent in formal setups before the millions the world over !" he further said in his post. Recently, actors <keyword id="2823" type="General" weightage="50" keywordseo="akshay-kumar" source="Orion">Akshay Kumar</keyword> and Hrithik Roshan were announced as the team owners of Srinagar and Bengaluru, respectively. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/doms-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/106023986.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/doms-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/106023986.cms" target="_blank">DOMS IPO allotment – How to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/stock-market/news/india-shelter-finance-ipo-how-to-check-allotment-status-and-gmp-value/articleshow/106078554.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/india-shelter-finance-ipo-how-to-check-allotment-status-and-gmp-value/articleshow/106078554.cms" target="_blank">India Shelter Finance IPO allotment – How to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/stock-market/news/nifty-sensex-recover-to-trade-flat-after-opening-in-the-red/articleshow/106078519.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/nifty-sensex-recover-to-trade-flat-after-opening-in-the-red/articleshow/106078519.cms" target="_blank">Nifty, Sensex recover to trade flat after opening in the red</a>

Amitabh Bachchan becomes owner of Mumbai team in Indian Street Premier League

Global IT services firm <keyword id="6370971" type="General" weightage="20" keywordseo="accenture" source="Orion">Accenture</keyword> on Monday launched a generative <keyword id="11035466" type="General" weightage="100" keywordseo="ai-studio" source="Orion">AI Studio</keyword> in India to accelerate the adoption of data and artificial intelligence (AI). With the studio, part of Accenture’s $3 billion investment in data and AI, the company's team and clients will co-create solutions with a modern data and AI foundation, LLM architecture, ecosystems partnerships, talent and responsible AI frameworks. “Clients understand the massive opportunity that generative AI can bring to optimise and reinvent their business, opening up new avenues for growth. “However, to harness the full potential of their AI investments, they need to be value-led in every business capability they choose to reinvent with generative AI. Our Bengaluru studio will help our clients around the globe prioritise capabilities across the entire value chain,” said <keyword id="16898323" type="General" weightage="80" keywordseo="senthil-ramani" source="Orion">Senthil Ramani</keyword>, Global Lead–Data &amp; AI, Accenture. According to a recent Accenture survey, 74 per cent of the C-suite executives plan to increase their AI-related spending in 2024, up from 50 per cent in the previous year, as companies move from proof of concept to customising foundation models with proprietary data. “Our clients across 19 industries now have the opportunity to understand, experiment, adopt and scale generative AI solutions to reinvent functions and business models to achieve new levels of performance,” said <keyword id="10732499" type="General" weightage="80" keywordseo="mahesh-zurale" source="Orion">Mahesh Zurale</keyword>, Global Lead – Advanced Technology Centers Global Network, Accenture. The studio will tap into the strategic investments made in Accenture’s Center for Advanced AI for clients and will draw upon Accenture’s more than 1,450 pending and issued patents in AI, and learnings from over 300 active generative AI projects. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/doms-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/106023986.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/doms-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/106023986.cms" target="_blank">DOMS IPO allotment – How to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/stock-market/news/india-shelter-finance-ipo-how-to-check-allotment-status-and-gmp-value/articleshow/106078554.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/india-shelter-finance-ipo-how-to-check-allotment-status-and-gmp-value/articleshow/106078554.cms" target="_blank">India Shelter Finance IPO allotment – How to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/stock-market/news/nifty-sensex-recover-to-trade-flat-after-opening-in-the-red/articleshow/106078519.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/nifty-sensex-recover-to-trade-flat-after-opening-in-the-red/articleshow/106078519.cms" target="_blank">Nifty, Sensex recover to trade flat after opening in the red</a>

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CONTROLLING CHAOS: Twitter's Wild Ride From Doodle To IPO

Alyson Shontell,Nicholas Carl…

Two Of Twitter's Earliest Workers Didn't Get Any Of The Company's Stock In Upcoming IPO

Jim Edwards

Amitabh Bachchan becomes owner of Mumbai team in Indian Street Premier League

PTI

Accenture unveils generative AI studio in India to boost data, AI adoption

IANS

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