Social media giant Twitter has announced that it will be shutting down Vine, the social media service that allows it's users to post six second videos. WatchMojo presents 3 pieces of breaking news that you need to know about Twitter killing a company that it paid $30 Million for just a a few years ago? But what is the fate of Viners like King Bach and Amanda Cerny? What does this mean for Vine's competition such as Periscope and Instagram? And why did Twitter make such a drastic decision. Watch to find out!