No short term plans to monetize Vine, says Twitter

Social media micro-blog, Twitter has reportedly revealed that it is not yet thinking about monetizing the 6-sec video service Vine.

The information was shared during the company's earnings call, following a quarterly financial report that included stronger-than-expected third-quarter performance but soft guidance and user growth that investors found troubling, TechCrunch reported.

Twitter CEO Dick Costolo said that his immediate term and immediate focus on Vine are continuing to build beautiful content-creation tools for all of the users of that service.

It will eventually, of course, but not for some time it seems.

Twitter purchased Vine before the app launched. When it did make it into the hands of the public, Vine became a sensation, shooting to the top of the app store's charts.