Combine that with the orders-of-magnitude higher cost of running Vine compared to the bird, and it was always either going to be sold off or shut down.

It's easy to forget that this was back in the time when these companies thought they were changing the planet for the better and drinking their own Kool aid by the gallon.

[–] squiblet@kbin.social 12 points 9 months ago (1 children)

The video length was pretty limiting, though. Instagram at the time started doing 15 second videos. The six seconds lent itself to goofy comedy and not much more.

It seems like they should have sold it. Or just jammed in a bunch of ads... maybe an option to remove ads with a paid membership. Simply killing it doesn't make any money other than to avoid losing more, and they'd already invested a fair bit which you can't recoup by just closing something. Of course, Google does that all the time I guess.

[–] HakFoo@lemmy.sdf.org 4 points 9 months ago

Maybe they saw it as an acqui-hire moment to get their staff, or at least keep them from going ro a conpetitor.

Of course, that assumes social media owners have clues and strategy; it seems like a lot of them were "we stumbled into vsast success, now what."