App.net Founder and CEO Dalton Caldwell is not a fan of Facebook, which claims that his product is too similar to the social network’s app center. So after Caldwell wrote some not-so-kind words for Facebook Co-Founder and CEO Mark Zuckerberg, he broke away from the site and let the public decide if App.net — a paid social platform — is a worthwhile endeavor. Hoping to crowdsource fundraising efforts and raise $500,000 to get the company off the ground, Caldwell far surpassed that.
As Facebook’s stock continues to plummet, are executives getting desperate? Dalton Caldwell, founder and CEO of App.net, thinks so. Caldwell blogged about a recent meeting with several Facebook executives. He thought it was a friendly chat and demonstration of an application he developed on the Facebook platform. However, Caldwell claims that Facebook said his product was competition to its app center and that the company tried to bully him into being acquired.