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Facebook’s big news today turned out not to be about Facebook Wi-Fi, but about Video on Instagram. When you go to take a photo on Instagram, you’ll now see a movie camera icon. Tap it to enter video mode, where you can take up to fifteen seconds of video through the Instagram camera.

Instagram for iOS version 4.0 is currently available for download in Apple’s App Store and Instagram for Android version 4.0 is now available on Google Play.

The popular photo-sharing app was acquired by Facebook in a $1 billion deal last year. Now “Video On Instagram” lets people create 15-second videos with simple editing and 13 new filters, which were specially created for video. It also features a video stabilization feature.

Cinema is their new technology that turns ordinary, shaky mobile video into remarkably stable shots.

Competitor Vine is a mobile app that enables its users to create and post 6 second video clips. Video clips created with Vine can be looped, shared or embedded on social networking services such as Twitter — which acquired the app in October 2012. The Vine blog explains it is available for both iPhone and Android.

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