Forbes -
20 Jun 2013 23:48

The rumors are true. At a press event earlier this afternoon, Instagram founder Kevin Systrom announced his photo sharing app, now owned by Facebook, would start supporting video as well. Beginning today, users can share videos of up to fifteen seconds on Instagram, using thirteen new video-only filters. This is a major announcement marking significant change for one of the world's biggest social media players. Here's our take on what it means: 1. This is a big risk for Facebook
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