Product life cycles (PCL) trace the evolution of product from their inception, through their growth and maturity, and to their decline. However, most PCLs are not as predictable as others. Marketing experts predicted Twitter’s life cycle to reach its end as early as 10 years ago. However, twitter is still being used today and has in fact become one of the main sources of news for journalists.
Introduction
Twitter started its journey in 2006 when Jack Dorse, the creator of Twitter put out his first tweet, “just setting up my twitter”. It was originally launched as a microblogging service on July 15th 2016. While the costs were high at this point, profits were rather low as is commonly seen in the development stage of the product life cycle.
Twitter’s reach started increasing around 2008 when it began to gain visibility. It passed the 1 billion mark in November 2008. A Nielsen Online report indicated that Twitter grew 1,382% year-over-year in 2009. However, being the first micro blogging site to become popular, analysts were skeptical about how long it would hold its place in the microblogging industry. However Twitter continued to gain popularity passing the 5 billion tweet mark in October. As Evan Williams, one of Twitter’s founders later pointed out, Twitter was a problem child in its early years, no one knew what the product was, and no one knew how to use the opportunities that were opening up for twitter.
Growth
Twitter soon became a Star Product as it established itself as the platform where news was discussed first. Twitter became more of an information network than a social network. NASA astronaut T.J Creamer sent out his first unassisted tweet from space on January 2010, the platform saw a record breaking 3,085 tweets per second during game 7 of 2010 NBA playoffs which was soon surpassed during the World Cup finale.
In 2010 Twitter added an advertising platform to its interface. Promoted tweets allowed advertisers to reach out to a wider group of users or spark engagement from existing followers. This brought in more revenue while the product lasted. At the same time it added a host of new features including tweet buttons for websites, a search option that allows one to search a user, and the “suggestions for you” option. Twitter saw a second exponential growth as it became the prime source of information during the Arab Spring in the middle-east and the death of Osama Bin Laden.
Maturity
The rate of Twitter’s growth slowed down in 2015. The product had entered the maturity stage of the product life cycle. In the world of marketing, what goes up must come down. While people predicted Twitter’s success to be short lived, and thus twitter became a Cash Cow product with high market share and low market growth. Twitter continued to be a prime source of information especially for journalists as the news now began to break on social media. However, the initial buzz around twitter was slowly dying off.
Decline
Standing in 2019, it is easy to see that Twitter has entered the last stage of the product life cycle. Twitter’s monthly user count fell for three quarters, leading to Twitter’s decision to stop revealing the number of users it has lost. Twitter has largely become a hub of keyboard warriors and bots trolling the users. Twitter claims its crackdown on these spam accounts is what triggered off the fall in the number of users. However, with its reach falling at this rate twitter could be headed towards its death pretty soon. Twitter is commonly classified as a Dog according to the BCG matrix, a product with low market share and low market growth as users move on to newer social media applications and whether or not the product will be able to revive itself remains to be seen.





