Twitpic announced Thursday that it is shutting down its operations on Oct. 25 after it failed to win a buyer to fight Twitter's legal slam.
Twitpic, the popular photo-sharing service, has grounded operations after facing a legal slam from Twitter involving a trademark dispute. After failing to win a buyer for its startup, Twitpic founder Noah Everett announced that his company was finally shutting down on Oct. 25, one month after it was originally scheduled to go down. Earlier, Twitpic had claimed to have found a potential buyer but Everett in his latest statement said it was a "false alarm."
"We were almost certain we had found a new home for Twitpic (hence our previous tweet), but agreeable terms could not be met," Everett wrote in the company's official blog, Thursday. "Normally we wouldn't announce something like that prematurely but we were hoping to let our users know as soon as possible that Twitpic was living on. I'm sincerely sorry (and embarrassed) for the circumstances leading up to this, from our initial shutdown announcement to an acquisition false alarm."
Twitpic is a service that allows Twitter users to upload photos and share links on the micro-blogging network. The company was started in 2008 and gained popularity by sharing newsworthy content like the Hudson River plane crash. The service was widely covered by the press, giving it a boost over rivals like Mobypicture, Yfrog, Img.ly, CloudApp and Droplr.
But the popularity was short-lived for Twitpic, as it attracted the attention of the renowned social networking company, Twitter, for using an identical name. Although, Twitpic argued the trademark belonged to them but a lack of resources to fend off Twitter forced the company to pull the plug on its operations.
Twitpic was hopeful of staving off the closure last month when it shared the news of being acquired by a mysterious buyer but clearly that didn't work-out. So, Everett announced that the service will no longer operate after Oct. 25. For those who wish to export data and photos from the service, can follow the company's instructions .
