Vine Is Shutting Down
If you picture social video as a colorful ecosystem full of emoji and chat bubbles, you really should try to think of it more as a jungle — a place where the strong eat the weak.
Periscope ate Meerkat. Instagram’s new video features might be chewing on Snapchat. And Facebook Live is trying to gobble up everything in sight.
The latest casualty is Vine, a six-second video app owned by Twitter.
But with Twitter struggling to become profitable — and after the news that the company would cut about 350 jobs, or 9 percent of its work force — Vine said in a Medium post on Thursday that it would close down in the coming months.Read More