Title: The 5 Sad Reasons Why Vine is Being Shut Down - Paste
Headings: The 5 Sad Reasons Why Vine is Being Shut Down
The 5 Sad Reasons Why Vine is Being Shut Down
1. Twitter has no money
2. Vine couldn’t compete with Instagram
3. Vine stars jumped shipped
4. Advertisers didn’t care for it
5. The app just didn’t catch on like it needed to
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Content: Whatever happens, Vine stars will surely take their social media fame to another platform and teenagers will move on to the next big thing. But while we’re in this time of mourning, let’s get some closure and talk about the real, likely reasons that caused Vine to shut down. 1. Twitter has no money
Okay, they’re not bankrupt, but Twitter has been struggling to be profitable. Moreover, the company has also been struggling to find someone to buy them and has yet to shake hands with a suitor. Their stock currently sits at $17, an all-time low for the social network that was once worth $31 billion when they first went public. Moreover, Twitter recently announced that they were letting go of 350 employees—or 9% of their company—and you don’t make that kind of lay off unless you really, really need to. By the sounds and looks of it, Vine was cut because the company just couldn’t make money off it and didn’t have the finances to keep their staff around. 2. Vine couldn’t compete with Instagram
In 2013, Instagram launched videos and Vine never recovered from it.