Vine co-founder launches live streaming app

Technology developer Rus Yusupov has announced a new mobile streaming app, Hype, just hours after Twitter announced that it was going to shut down Vine.

Hype allows users to live stream video from their phones in a similar fashion to Periscope another Twitter-owned service.

Just like Periscope, Hype is built around the idea of mobile social live streaming, with viewers being notified whenever a broadcaster goes live, and broadcasters getting direct feedback from viewers via comments.

However, Hype also adds other forms of interactivity, including the ability to add photos and videos to a broadcast and turn them into a kind of social collage.

Co-founded by Vine's Rus Yusupov, the app has been in private beta-test since March.

The company removed the requirement for a registration code on Thursday, allowing anyone to download and try the app.

Twitter announced earlier this week mobile app Vine will be shut down in coming months.

The news comes as Twitter is looking to streamline its services and lay off 350 employees, or nine percent of its workforce, to rein in costs and become profitable next year.

Mr Yusupov's first response to the news was to tweet: "Don't sell your company!"

https://twitter.com/rus/status/791681274339622913

With AAP