Online bookmarking service Instapaper is becoming an independent entity once again, breaking free from the corporate umbrella of visual discovery app Pinterest.
In an announcement Monday, Instapaper said Pinterest has “entered into an agreement to transfer ownership of Instapaper to Instant Paper, 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.”
Acquired by Pinterest in 2016, Instapaper was among the pioneering read-it-later apps that save articles and web pages for people to read offline on tablets, phones, e-readers and other devices.
Nothing much is changing for the product of Instapaper, apart from the new ownership, the company said.
The product will continue to be built and maintained by the original staff members who have been involved with Instapaper for the past five years.
“We plan to continue offering a robust service that focuses on readers and the reading experience for the foreseeable future,” the company said.
Tech news website The Verge noted in a report that Instapaper service is still not available in Europe.
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