Vine will reportedly live on, at least in some form or another, according to a press release from the company. An announcement posted today on Vine's Medium page announced they've "been working closely with creators to find out what’s important to you," and will be "transitioning" the original Vine app into a new, "pared down" version called Vine Camera.
The camera app will retain the original's core functionality. Users will still be able to make six-second looping videos, which they can post directly to Twitter or save. Additionally, users will now be able to download Vines, presumably those posted by other users as well as their own.
When Vine announced it would shut down in late October, the world mourned its loss and celebrated its legacy as a platform for viral creativity (particularly for young, black creators), breaking music, and even social activism.
Vine (and by extension, Twitter) seemed to acknowledge that outpouring in their message: "Thank you for the culture that you have helped shape, and for the content you’ll continue to make everywhere," the post says, "You make the world a funnier, weirder, richer, more beautiful place."
More here on the story from The New York Times.