Sorry, Vine Isn't Coming Back
Bad news for Vine fans. A potential revival of the 6-second video-sharing platform has been put on hold.
"I've made the very hard decision of postponing the V2 project for an indefinite amount of time," wrote Vine co-founder Dom Hofmann on Friday.
Hofmann originally teased that he was edifice a new iteration of Vine last December, simply called "V2." But today he explained that "financial and legal" hurdles were preventing the projection from getting off the ground.
"When I announced that I was working on a follow-up to Vine, I likewise (peradventure foolishly) announced that information technology would exist a personal project and personally funded," he wrote. "I underestimated the amount of enthusiasm and attention the announcement would generate."
As a result, Hofmann estimates that the cost of V2 would be "way beyond" what he can personally fund. He likewise blamed "overwhelming" legal fees for hamstringing the project, without elaborating.
"Long story brusk, in order to work, the V2 project needs to operate as a visitor with sizable external funding, probably from investors," Hofmann said. Unfortunately, the Vine co-founder is already pre-occupied running a separate startup, and doesn't want to split his attention between the ii projects.
"I'm very, very sorry for the disappointment," he added. "If it's whatever consolation, I think it would take been even more than disappointing if this service had been developed and released incorrectly, which is where we were headed."
Vine was effectively close downward in 2022 by its parent Twitter, which struggled to generate substantial revenue from the platform, despite its early on popularity. Vine let people upload six-2d, looping video clips, and artistic users produced many hilarious and amusing short clips.
Naturally, some Vine fans are crushed by Hofmann'due south post. But the good news is that he'south holding on to the computer code and ideas for V2. Media coverage about the project's indefinite delay may also pulsate upward some investor support. In the concurrently, Hofmann is encouraging users to try other video-related apps.
Source: https://sea.pcmag.com/news/20976/sorry-vine-isnt-coming-back
Posted by: mickarly1967.blogspot.com
0 Response to "Sorry, Vine Isn't Coming Back"
Post a Comment