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Twitter is shutting down Vine

jack dorsey
jack dorsey

Bill Pugliano/Getty

Twitter is shutting down video-sharing service Vine “in the coming months,” the company annouced Thursday. Twitter acquired Vine, which lets you share short video clips, in 2012 before the service had even launched. It debuted in 2013.

This comes the same day Twitter said it would lay off more than 300 workers (or 9% of the company’s global workforce) within the company’s sales, partnerships, and marketing teams.

“Nothing is happening to the apps, website or your Vines today,” Twitter said in a release, noting that users will be given a heads up and be able to download their Vines before the website and app shutter for good.

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Here is the full statement from Twitter:

Important News about Vine

Since 2013, millions of people have turned to Vine to laugh at loops and see creativity unfold. Today, we are sharing the news that in the coming months we’ll be discontinuing the mobile app.

Nothing is happening to the apps, website or your Vines today. We value you, your Vines, and are going to do this the right way. You’ll be able to access and download your Vines. We’ll be keeping the website online because we think it’s important to still be able to watch all the incredible Vines that have been made. You will be notified before we make any changes to the app or website.

Thank you. Thank you. To all the creators out there — thank you for taking a chance on this app back in the day. To the many team members over the years who made this what it was — thank you for your contributions. And of course, thank you to all of those who came to watch and laugh every day.

What’s next? We’ll be working closely with creators to make sure your questions are answered and will work hard to do this the right way. We’ll be sharing more details on this blog and our Twitter account, and will notify you through the app when we start to change things.

- Team Vine & Twitter

Additional reporting by Lara O’Reilly.

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The post Twitter is shutting down Vine appeared first on Business Insider.