If you're a fan of the URL shortening service tr.im, today is a dark day. A visit to the tr.im website shows that it is in the process of being dismantled. Don't worry, all of your tweets with tr.im URLs will still work, and all tr.im links will continue to redirect until Dec 30 of this year.
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The tr.im blog has more information about the reasons for the end of service. Basically, it all boils down to cost. Monetizing URL shortening has proved to be a daunting, nigh-impossible task. The people behind tr.im just reached a point where they could no longer afford to pay the network costs. They contacted several people in the Twitter development sphere to try and find a buyer, but to no avail.
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Bit.ly was a big part of the reason for tr.im's demise. Twitter used bit.ly as their default, which made things even more difficult for the vastly-superior tr.im. Anytime a well-designed, promising product like tr.im fails is a sad moment, but it's not a particularly surprising one. Social media is not a forgiving field.