Picture This: Twitter is down ... and up

Even though Twitter throttled back some parts of the service and made other changes to help scale for WWDC, the service is now down, as of 12 noon ET and 9 am pacific:

Update: It's back up, as of 12:15/9:15.

More news, commentary, and predictions from The Industry Standard:

• Analysis: Is Twitter worth $75 million? $150 million? How about none of the above?
• Analysis: Just 200,000 active Twitter users?
• Analysis: Twitter: Fanatical users help build the brand, but not revenue
• Prediction: Apple's iTunes to displace Wal-Mart as largest music retailer in U.S.
• Prediction: Twitter starts serving ads stateside
• Prediction: No next generation iPhones in the US before August 2008
• Special Feature: Where are they now? The Industry Standard tracks down 10 dot-coms from the Web bubble of the late 1990s
• Special Feature: The Industry Standard's Top 25 B-to-Z List Blogs
• Special Feature: 10 'Net services that will succeed (and 10 that will probably fail)