Meanwhile reports on Wednesday suggested that Twitter is about to launch a short video service as a (sort of) rival to Instagram.Twitter bought up the Vine service, a New York based start-up that was yet to launch, in October last year and now the Australian Financial Review reckons it will be relaunched Down Under in the coming weeks.
The idea behind Vine was to display portions of video recordings, trimmed down into six second clips, like so, from the company's co-founder Dom Hoffman.
The battle to be the elusive "Instagram of video" has sparked a number of new apps, services, and start-ups. all seeking that big payday. So far, the likes of Viddy, Tout and Socialcam haven't really caught on in the same way.Twitter has declined to comment on the reports.
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