Everpix Is Shutting Down On December 15

Posted: Nov 6 2013, 2:38am CST | by , Updated: Nov 6 2013, 2:44am CST , in Technology News


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Everpix is Shutting Down on December 15

Everpix photo startup is going to close shop completely on December 15th due to a dearth of funds. Currently the service is available in read-only mode. It will be dearly missed.

Everpix is calling it quits. The site that was the Global Village’s favorite photo silo has decided to end its business. The company execs met each other last month and finally decided to shut down the site. Everpix team officially announces on its blog, "It is with a heavy heart we announce that Everpix will be shutting down in the coming weeks." The company will completely shut down its operations on December 15th. Currently the service is available in read-only mode. Over 6800 subscribers will be refunded. It is another question whether Everpix would be able to gather the necessary amount of cash.

Besides this, a bill from Amazon remained unpaid. And it amounted to a lot. Everpix started from humble beginnings. But it made it to the topmost site for picture sharing. Its library of photographs had over 55,000 users. However, an effort towards raising $5 million failed miserably. And with the Amazon bill due it was a desperate situation alright.

"It’s frustrating (to say the least) that we cannot continue to work on Everpix. We were unable to secure sufficient funding in order to properly scale the business, and our endeavors to find a new home for Everpix did not come to pass. At this point, we have no other options but to discontinue the service," states the company.

Everpix began as the creation of Pierre-Olivier Latour, a French businessman who obsessively paid attention to every detail till the company was well-established. Within two years of its inception, Everpix became the world’s best photo sharing archive. Later on when the financial crunch period came there were talks of acquisition. But they all failed as well. So finally, the company was going bankrupt.

Paradoxically, despite its success, it was facing financial woes. They had become the bane of its existence. Even after downsizing the troubles just kept piling up. The team of founding members decided to end it all and celebrated with a lunch after winding up the business. Today, the firm is no more. And it is cause for sadness indeed.

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
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