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Instagram made waves with their Vine-threatening foray into integrated video, and their video takeover continues with their acquisition of Luma, a video-sharing, editing and stabilization app—Instagram’s first ever purchase of another company.

Instagram made waves with their Vine-threatening foray into integrated video, and their video takeover continues with their acquisition of Luma, a video-sharing, editing and stabilization app—Instagram’s first ever purchase of another company. (TechCrunch)

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