Twitter acquires TwitPic, a website and app that allowed users to post pictures to Twitter. TwitPic was launched in 2008 by Noah Everett, with its first app released on May 2012.
A month before the acquisition, Twitpic announced that it would shut down its service, following its declining usage and trademark infringement threats by Twitter. The microblogging site threatened Twitpic to revoke its access to the service's API. But later on, Twitpic announced that it would not shut down, as it had been acquired by a company it didn't specify.
Early October, Twitpic updated its original announcement, stating that both Twitpic and Twitter could not reach an agreement, and it's going to shut down. Days later, Twitpic announced that the two finally reached an agreement where Twitter will own Twitpic's domain as well as its photo achieve.
