According to news from TechCrunch, Instagram has recently acquired Luma.io in an attempt to add a little something to its video service. Luma brings a host of video centric features to the table including brightness and saturation adjustment as well as image stabilization.
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In Enemy Territory: Path Now Advertising On Facebook
It was only days ago that data analysis concluded that Facebook had been losing users in droves, over 6 million US users last month alone, a 4% drop. Analysts concluded the exodus was a result of new up-and-coming social networks such as Instagram and Path stealing the fleeing user base
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