Facebook wasn’t the first to bid for Instagram
Turns out the much-argued over $1 billion that Facebook ended up paying for indendant photo filtering and networking app Instagram wasn't the first hat in the ring.
According to recently uncovered reports, Jack Dorsey (co-founder of Twitter) was not only one of the early investors in Instagram, Twitter also made a bid to buy it months before Facebook did.
Twitter digging around and trying to buy it first might have prompted the high price Facebook ended up paying, if only because of the whiff of competition it spurred.
Then again, there is no report of how much Twitter offered or how seriously the bid was considered.

Related Download
CanadianCIO Census 2016 Mapping Out the Innovation Agenda Sponsor: Cogeco Peer 1
CanadianCIO Census 2016 Mapping Out the Innovation Agenda
The CanadianCIO 2016 census will help you answer those questions and more. Based on detailed survey results from more than 100 senior technology leaders, the new report offers insights on issues ranging from stature and spend to challenges and the opportunities ahead.
Register Now