Pinterest To Lose The Ownership Of Instapaper - MobileAppDaily
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Pinterest To Lose The Ownership Of Instapaper

Instapaper let you bookmark your web content.

Pinterest To Lose The Ownership Of Instapaper

Have you heard about Instapaper? No, it has nothing to do with Instagram, nor Instagram is its sibling. The people who are into web content reading should know about it. Instapaper is a bookmarking service; acquired by Pinterest two years ago. It provides “read later” services to users who are into web content to read their content later on tablets, phones, and even on Kindles, and other devices.

As per a yesterday’s report, the online bookmarking service is again going to be independent and shifting its ownership to ‘Instant Paper.’ 

“Today, we’re announcing that Pinterest has entered into an agreement to transfer ownership of Instapaper to Instant Paper, Inc., a new company owned and operated by the same people who’ve been working on Instapaper since it was sold to betaworks by Marco Arment in 2013” Instapaper stated in a blog post. “The ownership transfer will occur after a 21 day waiting period designed to give our users fair notice about the change of control with respect to their personal information.”

The shift in ownership is not going to change any of the product services and will go as it is. Even the people who are working with the company will remain the same and will strive for better services to the users.

Instapaper appreciated Pinterest collaboration and support that the company was offering for last two years. “We want to express our deepest gratitude to Pinterest for being such great stewards of the product over the past two years. With their support, we rebuilt search, introduced an extension for Firefox, made a variety of optimizations for the latest mobile operating systems and more.”

Incidentally, the Instapaper services are unavailable in the European region due to its non-compliance to the new GDPR rules put in place in May. The company announced the unavailability of its services in the May month of this year. It may be due to the GDPR’s data subject access request, that allows EU residents to request the data collected and stored about them. However, its still not clear what data Pinterest have gathered over the span of two years.

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