Following in the footsteps of Vine, Instagram, recently acquired by Facebook, is unveiling a video product. Here’s WSJ with more:
Instagram plans to release a video product this Thursday at a press event at Facebook’s headquarters, according to multiple sources familiar with the matter, marking the first time the robust, 100-million user network will stray from being strictly a photo-sharing app and dive head first into the world of moving pictures. It will have to catch up to Vine, which is now available on both Apple iPhone and Google Android, and which recently announced 13 million users. The new features are presumably to keep clear of Instagram’s splash in the pool.
Here’s Vine’s clever “thank you” video to users, which it also released today: