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Totally agree. I'm surprised that Twitter didn't. I wonder what the story behind that is
by fredsters_s 14y ago
Totally agree. I'm surprised that Twitter didn't. I wonder what the story behind that is
- melvinmt 14y agoMaybe it's the billion dollars asking price that got in the way.
- loceng 14y agoIt seemed there was resentment from Dorsey after the news was announced. I can't remember exactly what the signal was, but something like deleting his Instagram account.
- kmfrk 14y agoTwitter actually were willing to offer more than Facebook, but something made Kevin go with Facebook's offer in the end. I think it was Systrom who made carved out that path for Instagram, and not any reluctance on Twitter's part.
- fredsters_s 14y agoDo you have anything to back this up? Articles etc? I heard lack of liquidity was the issue
- kmfrk 14y agoI didn't post the link at first, because I couldn't find it in my bookmarks, but I got lucky with my Google search: The people familiar with the negotiations said Twitter executives were shocked that they had not been given an opportunity[1] to present a counteroffer. They said Twitter was prepared to make higher offers [than $525M]. ~ http://www.nytimes.com/2012/04/14/technology/instagram-founders-were-helped-by-bay-area-connections.html?pagewanted=all http://www.nytimes.com/2012/04/14/technology/instagram-found...
- loceng 14y agoFacebook's $1 billion offer being valid must have been contingent on not seeking a counter-offer.