Urs Hölzle, senior vice president of operations and Google fellow, posted, “Wave has not seen the user adoption we would have liked. We don’t plan to continue developing Wave as a standalone product.”
Google Wave was released in 2009 as a social networking platform. It is a media rich platform for people to share photos, videos and text messaging. It banks on the idea of real time communications.
Google Wave's selling points include character-by-character live typing, drag-and-drop files from the desktop, and playback service on the history of changes within a browser.
These functions are now available as open source, and Google is handing them to customers and partners to further develop the platform on their own.