Vine

Byte, the successor to defunct video service Vine, officially launched into the increasingly competitive landscape of short-form video platforms, two years after the project was announced by Dom Hofmann, co-founder of the forerunning app.

The co-founder of now defunct video app Vine, Don Hoffman, said plans to launch an unofficial successor later this year have been put on hold indefinitely due to financial and legal reasons.

Twitter-owned Vine, a short video app which the social media giant pretty much shut down in 2016, could be resurrected through an unofficial successor called v2.

Vine, the short form video app, will live on as a pared-down camera offering from January 2017, as Twitter backtracked on a decision to completely shut down the service.

After deciding to shut down its Vine short form video service, Twitter received interest from more than 10 potential buyers, from which it has selected a shortlist of five, TechCrunch reported.

Twitter is laying off 9 per cent of its workforce and restructuring, with its short video app Vine an early casualty. The job cuts equate to around 350 positions.

Twitter launched a children’s version of its popular video app Vine, which will only show content appropriate for a young audience.