Face-tagram Revisited: Twitter Reportedly Offered $525M to Buy Instagram Prior to Facebook Sale

How much could Instagram have really sold for? That’s the burning question after a report in the New York Times questioned whether there was a fair bidding process for the popular photo-sharing app when Facebook purchased it for $1 billion. Nick Bilton reported today that Instagram executives received a $525 million buyout offer from Twitter, despite Instagram co-founder Kevin Systrom’s statement that the company “never received any offers” before Facebook’s. The Federal Trade Commission closed its investigation in August without taking any action.