As the new darling of the Internet, it was only a matter of time before Instagram was going to be snapped up by a global tech heavyweight. However, the news of Facebook’s plans to acquire Instagram for a cool $1 billion has left one person in particular in a less-than-happy state – co-founder of Twitter, Jack Dorsey.
Despite being amongst a handful of people that made a killing off the acquisition, he also tried (but sadly failed) to purchase the mobile app in the months leading up to the Facebook acquisition. But let’s be honest, given Facebook’s dominance in the World Wide Web arena, it was only natural that the photo-sharing site would flock to the world’s most popular social networking service.
Whilst Instagram co-founder and CEO Kevin Systrom may be feeling pleased as punch with the deal, according to the New York Times, the same couldn’t be said for Dorsey:
“Mr. Systrom may have lost one connection in the deal: Mr. Dorsey of Twitter. His company, according to several people briefed on the matter, had expressed interest in buying Instagram in recent months. Mr. Dorsey once used Instagram daily to send photos to Twitter, but he has not been back since the deal was announced, perhaps a sign that he is not happy to see it in the hands of a competitor. A Twitter spokeswoman declined to comment.”
However, there’s plenty of photo-sharing sites in the virtual sea, and given Twitter’s recent acquisition of Tumblr rival Posterous, the future paints a pretty good picture for the microblogging service (sorry Dorsey).
Source: ZDNetLeave a comment on this article