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Twitter made $525 million offer for Instagram weeks before Facebook's offer

0. phoneArena posted on 17 Dec 2012, 02:31

Instagram's CEO Kevin Systrom might have lied under oath when under questioning by the California Corporations Department when he told them that outside of the offer from Facebook, then worth a cool one billion dollars, Instagram had never received another formal offer for the social photo-sharing site; it turns out that Twitter offered $525 for the company a few weeks earlier...

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posted on 17 Dec 2012, 03:11 3

1. clevername (Posts: 1436; Member since: 11 Jul 2008)

Someone needs to go to jail. Too many white collar criminals getting away with sh!t.

posted on 17 Dec 2012, 13:14

2. jmoita2 (Posts: 930; Member since: 23 Dec 2011)

Agreed. They should charge the scum bag CEO and send him away for a few years. Will it happen? Highly unlikely. If you still haven't, just look at the HSBC scandal. Your jaw will drop. Seems that just like in Medieval Europe, some of us are just way above the law. Now, try not to pay a traffic infraction and see what happens...

posted on 17 Dec 2012, 20:40

3. motty (Posts: 84; Member since: 13 Dec 2012)

OMG!!! Too Much Money I cant count on my hands

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