By Rachel Metz, Technology Review
On Thursday, Instagram cofounder Kevin Systrom announced an update that will allow users to shoot and share 15-second videos composed of one or more clips. When Facebook acquired the popular photo-sharing app for a staggering $1 billion last year, Silicon Valley’s attention shifted to nascent video startups and speculation about which would become the “next Instagram.” Despite the emergence of many contenders—including Vine, an app released by Twitter in January, which allows sharing of very short videos (see “Twitter Releases Video App Called Vine”)—it looks as if Instagram intends to take that title itself.
http://www.technologyreview.com/news/516201/instagram-becomes-instavideo/
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