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Twitter 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
by kmfrk 14y ago
Twitter 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.