Twitter has just announced plans to close the video sharing applications, Vine following the company's decision to lay off hundreds of its workforce worldwide.
This shocking news was announced directly by Twitter via his blog at Medium. In the announcement, Twitter said that despite the Vine application can no longer be used, but users can still access the videos are available through its website.
Vine is scheduled to completely stop operating in a matter of months, but Twitter does not mention the exact date when. Twitter also did not reveal clearly the reasons behind that decision. Many people suspected, it had to do with the announcement of job cuts by 9% worldwide that was released recently.
In 2012, Vine acquired by Twitter before actually launched with a value in the range of $ 30 million. In a way, Vine getting a very good response. But then the attention of Twitter seems to branching after Periscope - another startup that is also the result of acquisition - getting stronger traction.
"Nothing will happen to applications, websites and videos." Write Twitter.
"Users can still access and download video Vine, we'll look at online sites because we think it is important to be able to watch all the videos Vine ever made."
Dreadful news lately is being heavily hit Twitter. In some headlines, Twitter was mentioned will be sold to a number of names following the emergence of speculation about the company's growth tends to be negative. Google and Microsoft mentioned names included in the exchange suitor Twitter. However, recently most companies enthusiasts just backed off for unknown reasons.
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