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.