First launched in 2008, Instapaper has gone through various business models and several different owners. Now, Pinterest has agreed to sell The Instapaper is a goodbye to Pinterest.
In a Monday blog post , the read-it-later app announced a parting of ways with its current owner, meaning the service is independent once again.
Instapaper, for the uninitiated, is a bookmarking service that lets you save articles and videos to read or watch later on your iPhone, iPad, Android device, or Kindle. First launched in 2008, the app has gone through various business models and several different owners.
Pinterest purchased in 2016, three years after New York-based startup studio Betaworks acquired the app from its original creator, Marco Arment. After being acquired by Pinterest, the service ditched for free.
Now, Pinterest has agreed to sell Instapaper to Instant who has been working on the app since Arment sold it to Betaworks in 2013.
Current Instapper users can rest assured that the service is not going away.
“We want to emphasize that the instapaper product outside the new ownership, “the team wrote. “The product will continue to be produced and maintained by the same people who have been working for the past five years.”  Instant Paper will take the ownership of the app after a 21-day waiting period “Our focus is on providing personal information,” the team wrote.
“Our focus is providing a great reading application to our users, we appreciated the opportunity to do it, “they added.