Vine co-founder to launch new video-looping app Byte in spring 2019



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Vine co-founder Dom Hofmann said Thursday he plans to launch a next-best-selling popularity video-looping app next year.

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When asked by one – Hofmann responded: "Yes." The Vine successor had previously been referred to as "V2" by its creator.

Details about the Vine successor are sparse so far, with just a website inviting prospective users to sign up for updates and potential content creators to join its "creator program." CNBC reaches out to Hofmann on Twitter.

As for backing, Vine's co-founder said a new firm has funding, a team and a product behind it.

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Hofmann's Announcement comes after more than two years after Twitter – Vine's former owner – first said it would shutter the service. The app was officially discontinued in January 2017, and the company said Vine clips.

The service – which let users share six-second videos that could be viewed repeatedly on a loop – was a big enabler for some of the most well-known so-called social media "influencers," including YouTube video makers Logan and Paul Jake pop artist Shawn Mendes.

It was reportedly bought by Twitter in October 2012 for $ 30 million, a few months prior to its launch. The app became wildly popular, becoming the most-downloaded free app on Apple's iOS App Store.

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