With the popularity of websites like YouTube and Dailymotion, posting and sharing videos on social media has become a fashion.
Two hot apps for posting are Instagram with Facebook and Vine with Twitter. Recently, Vine introduced the feature of sharing videos and that has now prompted Instagram to follow the suit.
Facebook acquired Instagram for $1billion in April 2012. According to Instagram, it has 100 million monthly active users and 40 million photos are uploaded to the app daily.
Now users will also use it to upload videos.
Is bandwagon rivalry important?
Among all the apps at Apple‘s app store, Vine is among highest ranking apps. According to Topsy Analytics, Vine is the No. 3 iOS app used this month while Instagram is No. 21. Instagram has more than 100 million active members while Vine has 13 million.
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