TWITTER tried to buy Instagram, the photo-sharing app, before Facebook snapped it up for $1bn, it has been reported.
Dorsey, an early backer of Instagram, investing in February 2011 with several other investors, was once an avid user of the service. He used to post photos via Instagram through his Twitter account on a near-daily basis.
However, since the deal was announced, Dorsey has not posted any photos using the app.
A Twitter spokesman declined to comment.
However ironic it may be, Dorsey, despite losing out in the bidding war, will have personally benefited and seen a healthy return on his investment through the Facebook-Instagram deal.
It is thought that Twitter’s interest in the app could have pushed the price up to $1bn.
The deal last week reignited speculation about a new technology bubble forming. Instagram has yet to generate any revenues.