Twitter Inc Shuts Down Vine App

Twitter Inc Shuts Down Vine App
ElisaRiva / Pixabay

Twitter is having a really bad year as it struggles with growth and looks for a new suitor as SalesForce determined they were no longer interested in acquiring the company. Twitter announced earlier today that it would be slashing 9% of its global workforce and then followed that up with an announcement that the company’s once popular Vine video service will also be no more.

Vine deemed surplus to requirements

For a company that redefined how we communicate, it’s hard to believe that Twitter is struggling as monumentally as it indeed is these days. Twitter announced that the mobile app would be shut down “in coming months” and with no mobile app, that means that you can’t shoot Vine videos. Essentially, this move kills the app, and it’s being rumored that a number of Vine employees were shown the figurative door earlier today in the announced job cuts that will clear out nearly a tenth of the company.

As Hedge Funds Dive Into Private Equity, Tiger Global Leads The Way

Screenshot 2021 09 16 15.33.10Assets in private equity and venture capital strategies have seen significant growth in recent years. In comparison, assets in the hedge fund industry have experienced slowing growth rates. Q2 2021 hedge fund letters, conferences and more Over the six years to the end of 2020, hedge fund assets increased at a compound annual growth rate Read More

Twitter made it clear that, at least for now, the company would not be deleted existing Vines that have already been posted and thanks to its users for making it a once popular way of communication.

“You’ll be able to access and download your Vines. We’ll be keeping the website online because we think it’s important to be still able to watch all the incredible Vines that have been made,” Twitter wrote in a Medium post.

The six-second video clip company Vine was purchased by Twitter in 2012 before launching on its own. Twitter then spent a few months integrating Vine into its micro-blogging platform before releasing the service to its user base which immediately took to it if only for a few years six seconds at a time.

While Vine enjoyed limited early success, the service slowly withered on the, well, Vine and the co-founders of the company which went to work for Twitter ending up quitting within a couple of years. Much of Vine’s demise could certainly be blamed on the growing popularity of Instagram especially when it began offering the ability to record videos not limited to six seconds.

Twitter will surely survive but to find a buyer the company is going to need to lower its asking price.

Updated on

Previous article Dank Cottage Cheese Could Land You in Jail
Next article In Search Of The Next Big Elephant – Elements Of Great Serial Acquirer
While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>

No posts to display