Facebook’s $1 billion acquisition of Instagram secured the social networking giant ownership of the largest and fastest growing mobile photography network on the planet. Instagram has 50 million users, and Facebook is already the top site for image hosting on the internet.
There were rumors that other companies, like Google, were also in talks to buy Instagram before Facebook could sink its teeth in. The New York Times even said that Twitter was trying to court Instagram at one point. According to a new report, Twitter ended up approaching another hugely popular iPhone photography app after Facebook swooped in and stole Instagram.