henry0 - 12:39 pm on Apr 18, 2012 (gmt 0)
Excerpt from CNET:
Twitter CEO Dick Costolo told reporters in Japan yesterday that Twitter has no plans to buy an Instagram competitor to keep up with Facebook. Quite the contrary, Costolo said that he plans to improve his company's application programming interface (API) to help third parties improve integration on the social network.
Read from source: