Twitpic did not cease to exist on September 25 as recently anticipated.
The Twitpic twitter account announced on September 19 that the business had been purchased. To date the identity of the buyer has not been made public.
We're happy to announce we've been acquired and Twitpic will live on! We will post more details as we can disclose them
— TwitPic (@TwitPic) September 18, 2014