Everpix was a brilliant product and wonderful service that, sadly, had no way to ever make money. In what is surely a lesson of some sort, the business decisions that eventually drove them to ground were ones that made quality of product and the integrity of the user experience the team’s prime considerations. If they had been willing to be just another bunch of click-grabbers, they might have made it. The Verge has the definitive eulogy and it is definitely worth a read.
UPDATE: The Everpix team has now posted their official announcement and goodbye. If you are going to crash and burn, this is how you do it: Honestly, with class, and keeping your customers the top priority to the very end. A lot of “successful” companies could learn from this.