TechCrunch reports:
With Twitter’s future still in question following failed attempts at finding an acquirer and the recently announced layoffs of nine percent of its workforce, the company today announced it’s shutting down its standalone short-form video app, Vine.
According a post, nothing is changing immediately — the website and apps will remain online for the time being, and users will be given a chance to download their Vine videos ahead of its official closure.
The announcement was devoid of any explanations about what led to the decision, only stating that Twitter would share more news on its blog and via its official Twitter account in the future regarding what comes next.
While the plan is to wind down Vine’s operations, Twitter also says the website will remain online because the company thinks “it’s important to still be able to watch all the incredible Vines that have been made.”
Breitbart will surely claim that Milo’s banning from Twitter caused this.
RELATED: Some of Vine’s most popular users have scored huge paydays due to product placements in their clips.