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Rahul Das
Product and analytic... • 1y
Twitter attempted to buy Instagram before Facebook acquired it for $1 billion, according to The New York Times. Jack Dorsey, Twitter co-founder and early Instagram investor, tried to secure the app months before Facebook's deal. Despite frequently using Instagram, Dorsey stopped posting after the acquisition. While a Twitter spokesperson declined to comment, it's believed Twitter's interest helped raise Instagram's price. The deal has reignited concerns about a tech bubble, as Instagram had not yet generated revenue. Mark Zuckerberg has committed to keeping the app, which has 40 million users, operational.
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