Twitter is a social media platform that allows users to post and read short messages called tweets. It was created in 2006 as a side project called Twttr at a podcasting company called Odeo. Over time, features like direct messaging, verified accounts, and following other users were added. Twitter uses an iterative development process and various technologies like Ruby on Rails, Memcached, Varnish, Scala, Java, MySQL, and Cassandra to handle its front-end, caching, load balancing, communication between services, primary data storage, and additional features.