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On January 20, 2017, Twitter launched an Internet archive of all Vine videos, allowing people to continue watching previously filmed Vine videos.As of December 2017, co-founder Dom Hofmann has announced he has begun working on Vine's successor, V2. 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 million but was later reformed as Intermedia Labs and found HQ Trivia. In July 2014, Vine updated their app with a new "loop count" meaning every time someone watches a vine, a number on top of the video will appear showing how many times it was viewed.The "loop count" also includes views from vines that are embedded onto other websites.In March 2013, 22 Vines were presented in an exhibit entitled #SVAES (The Shortest Video Art Ever Sold) at the Moving Image art fair in New York City.
Programs like Audacity are also called open source software, because their source code is available for anyone to study or use.
These videos were among the earliest accounts of the racial tensions in Ferguson, and helped bring national attention to the situation.
It would serve as a similar but new and improved version of Vine.
On October 27, 2016, Vine announced that Twitter would be discontinuing the Vine mobile app.
Vine said users of the service will be notified before any changes to the app or website are made.