It is not unknown that Twitter has been suffering from financial problems these past few months. From a financial perspective, Twitter has always struggled with user growth. It could not catch up with the pace of growth to the magnitude of Facebook, Snapchat and WhatsApp.
According to Forbes, Twitter has officially announced to cut off Vine from its circle to save itself from cost cuts. Upon hearing this, Pornhub has offered to buy it in hopes that it will help to avoid Vine being shut down entirely, as Twitter and Vine have announced it will do. It is also confirmed that Twitter will lay off some of its employees for the cost cuts and for a more profitable profit next year.
According to a written article at Independent, Pornhub had made it clear that it plans to make Vines into a 6-second porn site and believes that their company is capable of restoring it back to its former glory. Pornhub also made it clear that it will also look to save the Vines that are currently hosted on the site, as well as presumably letting create new vines.
That former aim is believed to be unnecessary, since Vine is still letting people see old posts on their website, it is impossible because the company has already discontinued the app that was the only way of posting to the network.
With Twitter's Reason For Cutting Off Vine
As of now, Twitter's decision for their company is still a question that can only be answered in the future if it can shoot them to success or continue to experience financial problems. But if Twitter continues to struggle financially by next year, it is highly possible that it will be changed entirely, bought by another company or end up getting shut down (it is unlikely that Twitter will be shut down, giving it already has its own popularity).
What If Twitter Ends Up Like Friendster?
Friendster used to be a popular social media site in Asia back in the days with MySpace. Heard about it? Yeah, for most it is not popular anymore ever since Facebook became big in Asia. Aside from Twitter's plans to cut off Vine and to lay off some of its staff members, there are no reports about what exactly Twitter intend to do to for more profits by next year.
However, if Twitter's plans fail to deliver by next year for a profitable year and will refuse to be bought by any company, there are speculations that Twitter might follow Friendster's footsteps. For all Twitter fans out there, let's hope it does not happen.
