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Fearing competition, Snap decided to shut down Zenly rather than sell it
- hunglee2 4y agoI wonder how much sweat equity on aggregate has been wasted through anti-competitive acquisitions like this. It's got to be a lot of hugely valuable human capital, simply squandered.
- pessimizer 4y agoWithout comment: > TikTok (called Douyin in China) was created a few months before the discontinuation of Vine. Its current edition is the result of the merger of the original TikTok app with Musical.ly, which was founded in 2014 and became popular in 2015. TikTok is similar to Vine in that it is a simple short video platform with the added option of Duet, meaning that two different TikTok creators may collaborate at different times to create a final video; The Verge called it "the closest thing we'll get to having Vine back". TikTok is not much younger than Vine, as its predecessor Musical.ly was introduced only a year after Vine's inception, but it exploded in popularity in the late 2010s, in the years after the Vine app was shut down. https://en.wikipedia.org/wiki/Vine_(service) https://en.wikipedia.org/wiki/Vine_(service)