Last week, Twitter announced that it was preparing to shut down its Vine video-sharing app. This week, it may have won a reprieve: through a sale to another technology company. TechCrunch claims Twitter has received more than 10 bids for Vine, and has narrowed them down to the five most serious offers. “One source says that at least some of the offers are for less than $10 million, indicating Twitter might not generate significant revenue directly from selling Vine,” claimed its report. Consider that against a recent New York Times report suggesting that Vine was costing Twitter $10m a month to run. Japanese social network Line is thought to be among the bidders.
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With “fan communities” being on every artist’s team’s mind, we’re fans of the fact that…