• All Things Digital, Tuesday, May 3, 2011 10:26 AM

Despite being dismissed by Facebook for buying its stock on secondary markets, Mike Brown has reportedly landed at Twitter in a similar corporate development role. "Brown, who had helped negotiate many of Facebook's so-called 'talent acquisitions' is to be Twitter's director of corporate development and will report to Kevin Thau, vice president of business development," writes All Thing Digital's NetworkEffect blog.

"While the issue of insider trading of private companies is a sensitive one, Twitter was apparently able to see Brown's side of the story." Brown had purchased Facebook shares on the secondary market last fall out of an apparent desire to take a bigger stake in the company he pitched to entrepreneurs. Facebook fired him in February, based on its policy against insider trading by employees. In a public statement, Brown admitted to the stock purchase but said he had "absolutely no knowledge" of a coming $1.5 billion funding round from Goldman Sachs.

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