Facebook is holding some unknown media event on June 20th. Early thoughts were that the massive social networking site would unveil some sort of news reader app, but fresh rumours this morning have taken an entirely different direction.
According to sources at TechCrunch, Facebook will possibly bring video capabilities to photo-sharing service Instagram. This news echos a previous report that claimed Facebook was internally testing a video feature that gives users the ability to easily share 5 – 10 seconds videos. No other details are listed, but videos on Instagram would be a natural move and directly compete against Twitter’s Vine app (which allows only 6 second videos).
Instagram was snatched up by Facebook last year for $1 billion and currently has over 100 million users. The app is available on the iPhone and Android devices (plus can be side-loaded on BlackBerry).