Twitter co-founders turned down $500m Facebook offer

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In the early days of Twitter, founder Biz Stone says he turned down a huge offer from Mark Zuckerberg. is now worth $23 .

Twitter founder Biz Stone has told how he turned down a $500m (£290m) offer from buy the firm – and watched as its value later soared billions.

He told the story of how he and co-founder Evan Williams travelled a meeting with boss Mark Zuckerberg several years ago.

Neither really wanted sell the company, he said, so they decided come up with a “so big”, “no-one would ever say yes to ”.

He said they came up with $500m, and “laughed so hard at ”. But despite Mr Zuckerberg saying a “big ”, an offer drawn-up later day

The pair turned it down, saying they felt like they were “just getting started” with the business. He added that he did get on with the founder.

“I like him, and I respect him, it’ just that we didn’t click,”

“I’m a jokey guy and he’ a very serious guy so every joke I made – it a tough crowd.”

He also commented on the of Twitter by extremists in Iraq and beyond, saying he believed the network a tool for good rather evil.

“When you create a large-scale platform where hundreds of millions of people have of expression, you have to take the good with the bad.”

“If you’re going to tout the fact you’re encouraging free speech then you can’t curate it. As soon as you do that you lose the trust.”

He also said the growth of Twitter into a $23bn (£13.5bn) company feels “strange”.

“I’ve come to terms with it but I wouldn’t call it surprised – it feels strange in a good way to go to the shopping mall and see the little bird I drew,” he said.

“It doesn’t seem that long ago that we were just a rag tag group of guys.