Vine 2.0? Twitter Reportedly Working To Deliver Again Video Service After Musk Ballot
The topline
Twitter’s new billionaire boss Elon Musk tasked workers with growing a brand new model of the defunct video platform Vine, Axios reported Monday, shortly after Musk floated the concept in a tweet, demonstrating the sway of public opinion on Musk as he remodels the social media service within the mould of his $44 billion imaginative and prescient.
Six years after being shut down, vines could develop again.
Listed below are some key details
Sources advised Axios that Vine could also be revived this 12 months.
Twitter acquired Vine for $1, which is a short-form, video app broadly thought-about because the direct precursor to TikTok. reported30 million {dollars} in 2012, earlier than the app closed down in 2016.
Information of Vine’s potential resurrection comes lower than 24 hours after Musk tweeted a ballot asking if there was curiosity in bringing again the service, receiving 4 million votes, greater than two-thirds of which—or 2.8 million customers—supported restoring Vine.
Vital Background
Musk took Twitter management late on Thursday. Nevertheless, the billionaire (or Mars) already has made main modifications. Parag Agrawal was fired as CEO and plans to fireplace 25% of its high executives. Musk usually groused about Twitter’s content material moderation guidelines earlier than closing the deal, although he mentioned Friday he received’t make any main choices till a “numerous” council can weigh in. The unique Vine consisted of six-second principally humorous video clips, and most of the app’s hottest customers migrated to TikTok. The video area is much extra aggressive in the present day than throughout Vine’s reign, with Meta’s Instagram Reels and Alphabet’s YouTube Shorts additionally main gamers within the area.
Vital Quote
“​💯,” Musk repliedA Twitter person requested Vine to be built-in into Twitter quite than dwelling in an app.
Proceed studying
The Musk staff is engaged on Vine’s revival (Axios).
An Verified Badge on Twitter might price 20 {dollars} monthly, in keeping with Report (SME)
Twitter Layoffs: Right here’s What We Know (And Don’t Know) About Musk’s Plans (SME)
