Facebook rumored to make announcement on Instagram video

SOUTHFIELD, MIch. - There are rumors circulating that Facebook CEO, Mark Zuckerberg is trying to compete with Twitter's Vine.

The blog, TechCrunch , is reporting that the social media site could be adding videos to Instagram.

An announcement is expected during a Facebook press conference Thursday afternoon.

Facebook purchased Instagram, for $1 billion in April 2012.



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