Instapaper can be used via a web-based interface, or through mobile apps for Android and iOS.

On May 23, 2018, Instapaper announced that it had suspended its services for residents of the European Union in order to address compliance with General Data Protection Regulation (GDPR) requirements. On November 1, 2016, Instapaper announced that it would discontinue its subscription model and offer its 'Premium' features to all users. The service continued to operate, and the Instapaper staff worked on development for both Instapaper and Pinterest. On August 23, 2016, Instapaper was acquired by social networking service Pinterest. Afterward, the service's web interface was redesigned. In April 2013, Arment sold a majority stake in Instapaper to Betaworks. When Marco Arment launched the service publicly on January 28, 2008, its simplicity rapidly earned accolades from the press, including Daring Fireball and TechCrunch. Instapaper started out as a simple web service in late 2007 with a 'Read Later' bookmarklet and stripped-down 'Text' view for articles. The transition was completed on August 6, 2018.

In July 2018, ownership of Instapaper was transferred from Pinterest to a newly formed company Instant Paper, Inc. In April 2013, Arment sold a majority stake to Betaworks and by mid 2016 Pinterest acquired the company. The service was founded in 2008 by Marco Arment. Instapaper is a social bookmarking service that allows web content to be saved so it can be 'read later' on a different device, such as an e-reader, smartphone, or tablet. Online bookmarking, saving articles for later reading

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