Facebook announced video on Instagram at a press event at its Menlo Park headquarters today. Instagram CEO Kevin Systrom says that on day one it will give 130 million people access to video.
Source: http://feeds.wired.com/c/35185/f/661457/s/2d910783/l/0L0Swired0N0Cgadgetlab0C20A130C0A60Cfacebooks0Evideo0Eon0Einstagram0C/story01.htm
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