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It’s no surprise, if you spend any time on Twitter, that they celebrated their fifth birthday on Monday.

Yes, on March 21, 2006, co-founder Jack Dorsey sent his first tweet. And, according to Martin Waxman, they are “officially a toddler. They can walk and talk and are past their terrible twos.” It seems incredible that it’s only been five years, but also amazing that it has been that long.

A few interesting statistics:

• It took three years, two months, and one day for Twitter to reach one billion tweets. Then it took one week to reach another billion.
• There were 465 tweets per second when Michael Jackson died last June, but the current record is 6,939 tweets per second.
• A year ago, the average number of tweets sent in a day were 50 million. Yet last month there were 140 million tweets per day and 177 million just last week.

But, on their fifth birthday, they’re changing their terms of service because they have to make some money. And, in the process, they’ve turned away the developer community who helped them get as large as they are.

Alexandra Samuel said it best in her Harvard Business Review blog.

So as Twitter locks the door, some geeks somewhere are coming up with a new idea that will fill the void. This infinitely more flexible and risk-embracing startup will explode onto the social media scene with the next thing, or maybe even the Next Big Thing. And then sometime in 2015, it, too, will trade in creative chaos for business sense.

And, perhaps what Dave Winer, the father of podcasting and RSS feeds, has in mind with his new Minimal Blogging Tool that allows us to keep our content on our own servers. It allows us to push that content wherever we need to to reach our audiences, but we own it so it can’t be affected when the social networks change their terms of service.

Additionally you’ll hear in this week’s podcast:

• Springtime in Gov 2.0 in that Canada is finally joining Australia, the U.K., and the States in the social and the open movement;
• Third Tuesday this month is the best (and misses) of SXSW;
• The “Dear CEO” eBook has been published and can be found at Spin Sucks;
• The New York Times is charging for content; and
• Martin talks about what he’ll receive as immediate past president of CPRS, come June.

We’d love to get your thoughts on Twitter’s birthday or any of the other topics we discuss this week.

Send us an email or an audio comment to [email protected], join the Inside PR Facebook group, leave us a comment here, message us @inside_pr on Twitter, or connect with Gini Dietrich, Joe Thornley, and Martin Waxman on Twitter.

Our theme music was created by Damon de Szegheo; Roger Dey is our announcer.

This week’s episode was produced by Yasmine Kashefi.