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So long, Vine, it was nice knowing you

October 28, 2016

Twitter, seemingly unable to find a buyer and losing money, is cutting about 9 percent of its employees worldwide.

It is also killing off Vine, a mobile video app where people share short video clips that play in a loop. While beloved by users, it never took off with the masses and has lost its luster as of late.

Twitter has failed to keep pace with rivals Facebook, Snapchat and Instagram and in recent months, rumors abounded that it would be acquired. CEO Jack Dorsey on Thursday quickly brushed aside what he called “recent market speculation.”