Last month, we learned that Twitter turned down Facebook’s $500 million acquisition offer, and now two reasons are surfacing as to why. The explanations came out after The New York Times covered a Tuesday night event in San Francisco, where Twitter’s CEO and co-founder Evan Williams spoke publicly about the failed sale. The first reason was offered up by Williams himself, and the second came later in an analytical piece written by GigaOm. Both are valid.
Twitter’s explanation: In the NYTimes article, Williams addressed Twitter’s rejection of the $500 million, mostly stock offering. He said:
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