THE NEWS WRAP: Twitpic reaches agreement with Twitter over domain and pics

Twitpic, which recently announced it would be closing down, has agreed to give Twitter the Twitpic domain and photo archive, keeping the photos and links alive.

Twitpic founder Noah Everett says the past few weeks have been a rollercoaster ride for the startup, as it struggled to find a way to continue to operate.

“We weren’t able to find a way to keep Twitpic independent,” he says.

“However, I’m happy to announce that we have reached an agreement with Twitter to give them the Twitpic domain and photo archive, thus keeping the photos and links alive for the time being,” he says.

“Twitter shares our goal of protecting our users and this data. Also, since Twitpic’s user base consists of Twitter users, it makes sense to keep this data with Twitter.

“This will be my final chapter with Twitpic, and again I want to say thank you for allowing me to be a part of your photo sharing memories for nearly seven years. It has been an honour.”

How Magic Leap’s AR tech works

Patent filings have shed some light on how Florida augmented reality startup Magic Leap’s technology works.

The secretive startup, which recently raised $US542 million ($A616 million) in funding led by Google, has yet to publicly describe or demonstrate its technology.

The MIT Technology Review reports the patent filings describe a sophisticated display technology that can trick the human visual system better than existing virtual reality displays into perceiving virtual objects as real.

The cheap labour force that keeps gore, porn and hate speech off social media

Wired’s Adrian Chen takes a long look at the army of workers based in the Philippines who handle content moderation, the removal of offensive material for social networking sites.

Overnight

The Dow Jones Industrial Average is up 127.51 to 16,805.41. The Australian dollar is currently trading at US88 cents.

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