Twitter axes Vine video sharing service

• Video report by ITV News At Ten Presenter Tom Bradby

Twitter is to end its video-sharing service Vine.

Users of the service will still be able to access and download Vines as the website will be kept online, and those who use the app or website will be notified before any changes are made.

In a statement Twitter thanked Vine users for "taking a chance on this app back in the day" and for their contributions.

They added: "We value you, your Vines, and are going to do this the right way.

"You’ll be able to access and download your Vines.

"We’ll be keeping the website online because we think it’s important to still be able to watch all the incredible Vines that have been made.

"You will be notified before we make any changes to the app or website."

The six-second video app has around 200 million users.

• Vine star Charlie Murphy explains what Vines are and why he thinks Twitter has axed the service.

Earlier on Thursday Twitter announced that it is to axe nine percent of its workforce, with almost 350 of the firm's 3,860 positions to go.

The San Francisco-based firm said the restructuring would focus on its "sales, partnerships and marketing efforts" in order to become profitable next year.

The micro-blogging site made a net loss of £83 million in the three months to the end of September, an improvement on last year's loss of £108 million for the period.

Chief executive Jack Dorsey said the company was making the "necessary changes" to ensure it was primed for long-term growth.