Instagram Competitor Misses a Facebook Acquisition LOTTERY TICKET

Photo-sharing outfit PicPlz, a competitor to Facebook (NASDAQ:FB)-acquired Instagram, plans to shut down completely by July 3, 2012, as the founders appear to have decided to “move on to other projects.” That’s putting it nicely. Basically, the huge lottery ticket bet on getting acquired by Facebook apparently will never pan out. App lottery ticket players, beware.

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The users of the service received the following email today:

“On July 3, 2012, picplz will shut down permanently and all photos and data will be deleted. Until then, you can log in and download your photos by clicking on the download link next to each photo in your photo feed. Thank you for your support of picplz and we apologize for any inconvenience this may cause you.”

The PicPlz app was integrated with many social outfits such as Facebook, Twitter and Yahoo’s (NASDAQ:YHOO) Flickr. It had a loyal following of users that were opposed to the Instagram deal with Facebook. However, every company needs to make money, and PicPlz wasn’t making enough.

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