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Emil Protalinski writing for ZDNet:

Summary: Not only did Facebook beat Google to the purchase of Instagram, but it also beat out Twitter, according to a recent rumor.

If that's true, Facebook did Twitter a favour!

By the way, whatever happened to Twitter's acquisition of Posterous? I never really used it, but was thinking of setting one up as a replacement for TwitPic.

Wow, someone who time travelled from even a few years ago wouldn't have any idea what any of these services are.