I have no way to verify this is true, but I was told that they bought GNIP because (this sounds too ridiculous to type) they forgot to invoice them for two years for firehose access...when they remembered, GNIP couldn't afford the invoice, so buyout!
Like I say, it's a rumor that may have shades of truth, but that's what I heard.
There's a kernel of logic to the original assertion. It has a "gee whiz" irony, coded as a moral story: the biggest brains in the world forgot to get paid. Twitter's perceived revenue problems are juxtaposed with the obviousness of just taking the money they were owed, as if the answer to Twitter's Big Question were there the whole time. Finally, it explains a really major acquisition in Twitter history; it answers an outstanding question in everybody's minds. That little vignette has all the fixings for a great Silicon Valley tall tale.
The fact that it's totally false, by public refutation, seals the deal. I love it!
Like I say, it's a rumor that may have shades of truth, but that's what I heard.