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What did Vine sell for?

Vine was founded by Dom Hofmann, Rus Yusupov, and Colin Kroll in June 2012. The company was acquired by Twitter in October 2012 for a reported $30 million but was later reformed as Intermedia Labs.

Who bought Vine social media?

Vine was a popular video hosting social platform that gave users six-seconds of Internet fame by sharing short videos on the Internet. After it was founded in June 2012, the company was soon acquired by the microblogging platform Twitter for $30 million the same year in October, even before its official launch.Feb 22, 2020

Does Twitter regret getting rid of Vine?

In an unusually candid moment during a news briefing on Tuesday, a Twitter executive admitted that the company’s decision to kill video app Vine two years ago was a mistake. “I do regret that we shut down Vine,” said Kayvon Beykpour, Twitter’s head of product. “I think Vine was amazing.”Aug 15, 2019

DID Vine get bought out?

Vine was (and technically still is) wholly owned by Twitter. The San-Francisco-based social media giant acquired Vine back in October 2012 for $30 million. As part of the deal, the founders were mostly compensated in Twitter shares. They likely cashed those out when Twitter went public in November 2013.Jun 15, 2022

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