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Instagram buys camera app Luma to strengthen video offering

By Shawn Knight
Aug 25, 2013
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  1. Instagram’s first acquisition under parent company Facebook is Luma, the 18-month-old company behind the camera application by the same name. Terms of the deal were not disclosed although we are told the agreement is for the company’s talent and......

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  2. Jad Chaar

    Jad Chaar TS Evangelist Posts: 6,477   +965

    Eh, they cant compete with Vine. The long videos from Instagram just arent as entertaining as the short vines.
     

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