Tech

Vine, A Twitter Video Social Network, Is Closing

By Monica U Santos , Oct 28, 2016 04:12 AM EDT

Vine is an entertainment network where videos and personalities get really big, really fast.Twitter announced that it is going to close the video sharing social network for an unknown reason. Vine is a well-known application which lets people share six-second-long looping video clips.

Since 2013, millions of people have turned to Vine to laugh at loops and see creativity unfold. Today, we are sharing the news that in the coming months we’ll be discontinuing the mobile app.

Thank you. Thank you. To all the creators out there - thank you for taking a chance on this app back in the day. To the many team members over the years who made this what it was - thank you for your contributions. And of course, thank you to all of those who came to watch and laugh every day.

~ Team Vine and Twitter

Twitter bought Vine in 2012, before it launched, and it went live in January 2013. According to The Telegraph, the network has bred social media celebrities such as Jerome Jarre, who is reported paid $25,000 (£20,540) per video and has an estimated net worth of $3m.

From the blog announcement posted by Vine and shared on Twitter, it says there that nothing is happening to the apps, website or the Vines itself. The users can still access and download their Vines. They will keep the website online because they think that the posted Vines are important.

            

The video above is posted by the Vine(@vine) On Oct. 27, 2016, 9:00 am with the caption, "Leave a light on (star emoticon)."

After hopes of bidding war from other social network, Twitter said it plans to do something great on the business. The competition from the likes of Facebook, Instagram, Snapchat, and other social sites are stiff. Twitter reported a net loss of $103m (£84m) for the last three months to the end of September, with its user numbers increasing by just 4m, or 3pc, in the quarter to 317m.

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