Photobucket has had performance problems as time went on. The site is now "molasses in January' slow. They can blame the lack of advertising revenue due to the advertising-profit model for their problems, but IMGUR had overtaken them long before their recent decision based on speed of service. This is a symptom of poor management and technological innovation, not a result of the market trends. Many early innovators are buried under the bureaucracy that they create preventing employees from keeping ahead of the curve. This is not a unique story.