Business & Finance | Business

A once-hot startup that raised $4 million and rejected a $40 million Twitter acquisition just shut down

Frontback is shutting down August 15, after raising $4 million and stepping away from an acquisition offer from Twitter. The once-hot selfie app let users take a picture with the front camera and back camera. The app then merged both photos into a single image.

If this is worth $40 million, Moptwo has to be worth at least that. You should keep an eye on Moptwo. I am pretty sure that the Moptwo guys would have considered a $40 million acquistion.