Twitter CEO: Facebook $500 Million Offer Made Sense But Was Too Early

Evan Williams, CEO and co-founder of Twitter

Evan Williams, CEO and co-founder of Twitter

For Twitter CEO, the Facebook’s $500 million offer – mostly in stock – last month came too soon for the two-year-old San Francisco, Calif., based startup.

“It definitely made sense but it wasn’t the right time,” said Evan “Ev” Williams in a talk last night with Portfolio magazine contributor editor, Kevin Maney, at a Churchill Club event in downtown San Francisco.

Later I asked Williams if he now has any regrets after rejecting the Facebook offer amid the bad economy and the recent acquisition of competitor Pownce by blogging tool company Six Apart. “I’m not sure why on earth that will be the case,” joked Williams.

This entry was posted on Wednesday, December 3rd, 2008 at 12:13 pm and is filed under news, startups, web 2.0. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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