According to AllThingsD, Twitter has decided to get into the business of hosting video by acquiring NYC startup Vine. We’ve reached out to Twitter but haven’t been able to confirm this as of yet. If true, this marks an important milestone for Twitter, which is in complete attack mode when it comes to turning into a media powerhouse. As it stands now, you can upload photos to attach to your tweets, thanks to Twitter’s own service, and it’s probably the easiest way to share photos on the service. Video is a logical next step for Twitter and the yet-to-be-released Vine, but this could get really tricky for the company, fast. Read the full story at TechCrunch.