The service continued to grow and when declared bankruptcy at the end of 2001, the Webshots assets were purchased back by the founders for $2.5 million in cash. In October 1999, Webshots was sold to for $82.5 million in stock. The Webshots Community launched in 1999 as the first photo sharing website with an emphasis on public sharing. Founders Andrew Laakmann, Danna Laakmann, Nick Wilder, and Narendra Rocherolle migrated the desktop software to the Web and became one of the earliest instances of photo sharing found online. It was initially a sports oriented screen saver sold at retail for desktop computers. Webshots was created in 1995 by Auralis, Inc.
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