Jack Dorsey, Twitter co-founder tried to buy Instragram.
Recent report from New York Times suggested that Twitter tried to buy Instagram before Facebook acquired the company last week.
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.
Jack Dorsey however would still make some money from the Facebook Instagram acquisition because he was one of the people who earlier invested in Instagram.