A Mobile Photo Sharing Casualty, Treehouse Hits The Deadpool; Founder Off To Google

In terms of hot spaces at the moment, you'd be hard-pressed to find anything hotter than the mobile photo sharing space. Instagram, PicPlz, and Path all have gotten huge amounts of funding recently. And the latter even turned down a massive $100 million+ offer from Google. So the space is just minting money and everyone is riding high, right? Well, not exactly.

It can be easy to forget that despite the early success stories (or irrational hype, depending on how you perceive it), there are many more startups out there that aren't taking off for one reason or another. And one of the earlier players in this latest wave, Treehouse, is sadly no more. The service has entered the Deadpool.

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