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From the BBC website:
Twitter announced on Thursday that it was cutting 9% of its workforce following slow growth of the social network.
"In the coming months we'll be discontinuing the [Vine] mobile app," the company said in a blog.
When he learned of the change, Rus Yusupov (one of Vine's three co-founders) - tweeted: "Don't sell your company!"
A quick search revealed that it's not just a rumor - it appears to be confirmed
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Twitter Has Announced It is to Close its Video Sharing Service Vine
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In Tulsa, Oklahoma, it is against the law to open a soda bottle without
the supervision of a licensed engineer.
(Score: 2) by frojack on Sunday October 30 2016, @09:46PM
True, twitter never had much of a business plan.
(I'm astounded to learn somebody actually PAYS to have a twitter account, but if you say so, It must be true).
They've now started selling topical tweets to TV news programs, and news sites on the web.
I don't know a single person who uses twitter AT ALL, yet I see crappy tweets in news stories, baseball games, and local TV news casts.
Twitter has done more damage to modern discourse than any other platform I can recall. The havoc you can wreak by typing 140 characters without resorting to the thought process is astounding.
I doubt there is any funding method twitter could use that would get the users to pay anything approximating a return on infrastructure costs alone, let alone a profit. So they are left with selling the content.
No, you are mistaken. I've always had this sig.