Vine may not cease operations after all. Rumours have begun that Twitter is once again shopping around for buyers for the short-video streaming service. This is apparently because the company has suddenly received multiple bids for Vine.
News of Vine’s impending closure generated a large amount of publicity; which is what has renewed interest in sales talk. No names have been confirmed, but Line is supposedly among the companies looking to throw money at Twitter. That being said, the size of the bids is said to be rather small; with none of them going above $10 million (about RM42 million).
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In other words, Twitter is unlikely to be making a huge profit out of Vine; which is more bad news for the company. The microblogging service has struggled to generate income from its millions of users, and has seen its stock value plummet since the IPO.
Twitter has no commented on the rumours, but we’re inclined to believe that it would leap at the chance to sell Vine if given the chance. After all, it’s better to get a little extra out of the service instead of simply just shutting it down.
[Source: Techcrunch]
