Say Goodbye to Vine
A Guardian article titled, âVine video-sharing app to be shut down by Twitter,â describes what many would call an unforeseeable situation. (https://www.theguardian.com/technology/2016/oct/27/twitter-vine-video-sharing-mobile-app-shut-down-costs) While the Vine website is to stay active so as to not completely delete all user videos, Twitter has announced that it will be shutting down the Vine mobile app over the course of the next few months in order to cut down on their number of employees and overhead as they are experiencing some financial trouble. Earlier today, October 27th, 2016, Twitter announced that there would be hundreds of layoffs. The Vine app was apparently seen as unnecessary in the eyes of Twitter administrators attempting to cut costs because of Twitterâs recent video-sharing integration to the site.
This is extremely shocking to me for a multitude of reasons. I supposed it makes since when cost-cutting to first remove the dwindling aspects of your company. Vine app membership has been steadily declining for monthsâŚbut why? And furthermore, why is Twitter in this situation in the first place? The one area of the economy that I think of as more than stable right now is the social media sector. It seems to be booming and on the up-and-up now more than ever. Twitter is the last company I would have expected to announce financial problems in this economy, and it makes me wonder about the future of social media. Does it truly have a lasting place in our society?
https://twitter.com/noorwill/status/791803677077929984












