Facebook tried to buy Twitter for $500 million 'several years' ago
Co-founder Biz Stone said he "didn't click" with Facebook's Mark Zuckerberg
Poor Mark Zuckerberg – it seems that ambitious tech start-ups just love rejecting him. Not only has Snapchat turned down an offer from the Facebook founder but it seems that Twitter did as well.
Biz Stone, founder of the microblogging service, told Sky News that he rejected a $500m (£290m) offer from Facebook ‘several years ago’. A smart move considering that Twitter is now worth more than $23bn after going public with an IPO in November last year.
Mr Stone said that he and co-founder Evan Williams had not been initially willing to sell the company, and had arrived at the $500m figure as one that “no-one would every say yes to”.
However, somewhat unsurprisingly, Mr Zuckerberg felt the company was worth it and drew up an offer later that day - five hundred million being a bit of a bargain compared to the $3bn offered for Snapchat (or the $19bn paid for messaging app WhatsApp).
Twitter co-founder Biz Stone helped start Twitter in 2006.
The Twitter founders turned down the offer, saying they felt they were “just getting started”. Stone also added that he didn’t get on too well with the Facebook boss.
"I like him, and I respect him, it's just that we didn't click. I'm a jokey guy and he's a very serious guy so every joke I made – it was a tough crowd,” Mr Stone told Sky.
Mr Stone left Twitter in 2011 and has since launched his own start-up, a question and answer platform named Jelly. The platform is designed "for people to help one another" by crowd-sourcing queries that Google can't easily handle.
Speaking to Vanity Fair after the app's launch, Mr Stone said that he was inspired by the connected nature of contemporary society to create a 'smarter' search engine: "Sometimes there’s a whole greater than the sum of its parts, like an ant colony can be genius, while an individual ant is an idiot, right?”
Life & Style blogs
Men in tights: getting to the bottom of the latest trend
Snapchat removed the Best Friends list feature and 'stalkers' are upset
Night Nurse could put drivers over new drug limit
Stephen Hawking: NHS is Britain's finest public service and must be preserved from commercial interests
Baldness could soon be treated using stem cells, scientists hope
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
King Abdullah dead: We can't afford not to hold Saudi Arabia's royals to account
- 1 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Ball pool for adults opens in London
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
iJobs Gadgets & Tech
£6240 per annum: Recruitment Genius: This company is a well established websit...
£40000 - £60000 per annum: Recruitment Genius: This is a fantastic opportunity...
£25000 - £35000 per annum: Recruitment Genius: A skilled .NET developer with e...
£25000 - £30000 per annum: Recruitment Genius: This IT support company are cur...