Twitter won't be rattled by Facebook's Instagram buy, Costolo says

04/17/2012 | Wall Street Journal, The

Twitter won't rush to respond to Facebook's acquisition of Instagram, CEO Dick Costolo said during a visit to Japan. Twitter had previously sought to buy Instagram, but the network won't seek to buy a rival service now, Costolo said. "We will make sure that we execute on the strategy that we have and not one that's been laid down for us based on events that happen in the marketplace," he said.

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