Instagram Video: Facebook Aims to Cut Back Twitter's Vine
Posted: 6/21/2013  |  By: Adam Gabbatt | The Guardian
Instagram launched a video-sharing tool on Thursday, in a move that will place the Facebook-owned company in direct competition with Vine, the Twitter-backed video app.

Instagram CEO Kevin Systrom made the announcement at Facebook's Menlo Park headquarters in California, promising that Instagram video would incorporate "everything we know and love about Instagram, but it moves".