Blipfoto goes into liquidation after a decade of photo-sharing
Online photo service Blipfoto has gone into liquidation as the Edinburgh-based firm's liquidators announced it suffered from “funding issues”.
The company has laid off its 11 members of staff but the website continues to operate and liquidators FRP Advisory said they were "in discussions with an interested party" over the sale of the site.
The news comes just two months after Blipfoto entered into a partnership with Polaroid – a move which saw the site rebranded as Blipfoto Polaroid.
Blipfoto had just celebrated a decade of sharing in October when The Drum caught up with founder Joe Tree (pictured) to reflect on the site's growth. Tree said he posted a picture on the site daily to record his life in a visual manner.
Reflecting on the site's older demographic documenting their days, Tree said: "You’re either doing it for yourself because you want to keep a record of your life, or because you want to create something you can hand over to your kids in the future.”
Administrators FRP Advisory released a statement: “A sale of the assets will protect subscribers and ensure continuity of the service. FRP Advisory hopes to progress matters quickly and will update as soon as possible.”
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On the liquidation, Joe Tree said: “Two weeks ago, following events outside its control, the Blipfoto Board of Directors took the incredibly difficult decision to put the company into liquidation.
“As so many of you have said over the last 48 hours, this is a unique place underpinned by one of the most vibrant and supportive communities on the Internet - there’s really nothing quite like it. Our pictures and words have come to mean so much to us individually, but the way our collective story touches a much wider audience is truly remarkable, and something I’ll always be immensely proud of.
Tree added: “I can’t say any more at this stage, but I am optimistic the lights aren’t about to go out and know many people are working hard behind the scenes to make sure they shine even more brightly in the future.”
The website remains operational at the time of publishing although users have expressed fears over the future of their images.
During its lifetime the website saw shared over 3.5 million images with Apple co-founder Steve Wozniak remaining one of its most famous users.