Twitpic is being acquired, and apparently not shutting down next week

Good news? After a shocking announcement by Twitpic that it would close its doors as a result of action by Twitter, now the company has announced that's not shutting down after all. There are no specific details, but in a tweet, it says "We're happy to announce we've been acquired and Twitpic will live on! We will post more details as we can disclose them." Your guess is as good as ours as to the buyer, but this may explain a recent dispute that saw Twitpic founder Noah Everett blocking efforts to back up the site's pictures before they disappeared. All that matters now, is that your pre-Instagram photos are safe.