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Twitter shuts Vine, lay-offs

Vine, the six-second video app, is shutting down completely.   Owner Twitter has decided to shut down its Vine mobile app, reportedly as part of its plan to rescue itself from its ongoing financial crisis.

The Vine app and its looping, six-second videos helped define some of the aesthetic of the videos that now feature heavily on social networks.

Earlier this week, Twitter announced it was axing around 350 staff – some 9 per cent of its work force – after reporting a sharp decline in revenue growth

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