Vine Shares Down After Instagram’s Video Debut

chatPZ(Ping! Zine Web Tech Magazine) – Not surprising, but Twitter-backed video sharing service Vine has suffered since Instagram debuted its own video feature.

According to a report from the BBC on Friday, statistics from Topsy showed a fall of almost half-a-million Vine shares on social networks just one day after the Instagram move.

In addition to the above, Instagram links increased by 300,000 while the following week, 50% more Instagram posts had appeared on social networks.

It’s pretty much been a role reversal. The hype surrounding Vine seems to be winding down for the time being. You can view Topsy’s stats here ( Meanwhile, Vine could sometime soon announce new features, helping it fight back against the Facebook-backed app (Instagram).