Twitter is the world's fastest growing social network, doubling in size every 90 days and approaching a 1,500% growth rate year over year. There are many that expect that Twitter will overtake Facebook as the world's largest social networking site by late 2010.
Twitter is a free micro-blogging site that asks the question, "What's happening?" What's a micro-blog you ask?
If you're telling the Twittersphere what's happening, you better do so in 140 characters or less, because that's what micro-blogging sites like Twitter are all about. Think of it as a one-to-many texting application that allows you to send one message (or update) out to your "followers" (those that have chosen to listen to you). But at the same time you post (tweet), you're sending this out to the entire Twitter universe - nearly 60 million people - with the possibility that someone, somewhere might hear you and respond.
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statistics and definitions provided partly by wikipedia.org