17 April 2012 - 8:05am | posted by | 0 comments

Twitter gazumped by Facebook over Instagram deal

Twitter gazumped by Facebook over Instagram dealTwitter gazumped by Facebook over Instagram deal

Details have emerged of an abortive bid by microblogging site Twitter to purchase the photo sharing app Instagram in the months leading up to Facebook’s billion dollar takeover.

According to the New York Times Twitter’s co-founder Jack Dorsey, who also happens to be an investor in Instagram, had been a leading the charge on the bid.

Dorsey was a regular user of the service, diverting images to his Twitter feed every day, although since Facebook’s acquisition this habit has come to an abrupt halt.

Suspecting more than a mere coincidence the paper suggests this may be interpreted as “a sign that he is not happy to see it in the hands of a competitor.”

It’s not all bad news for Dorsey however, as Twitter’s interest forced Facebook to proffer the budget busting $1bn offer – handing him a tidy return on his investment in the process.

Be the first to comment on this article: sign in or register.

Latest Projects from the Profile Hub

Cotswolds Distillery Inaugural Release

23/10/2014
The first ever Cotswolds Dry Gin from the first 10 runs at...

Jurlique's #AgelessBeauties Twitter Party Increases Sales!

22/10/2014
To celebrate Jurlique’s latest product range launch; Nutri-...

EMCAS

22/10/2014
OVERVIEW Financial mis-selling is an ever-growing issue –...

Visit Wales - creating romantic breaks

22/10/2014
Delivering 1000% increase in 'romantic' traffic Challenge...

Recruitment campaign

21/10/2014
Thermal Systems are an international client based in...