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Facebook Might Unveil Video Feature on Thursday: TechCrunch (FB)

Social networking giant, Facebook Inc. (NASDAQ: FB) has invited members of the press to visit the company’s headquarter at Menlo on Thursday as it wants them to “learn about their new product”. According to the market grapevine, Facebook’s new product could be a video feature in Instagram.

Intagram, which is a photo sharing service, was acquired by Facebook last year for $1 billion.

In its invitation letter, Facebook wrote that “small team has been working on a big idea”. According to a technology blog, TechCrunch, this “big idea” could well be a video support of Instagram.

This new feature will enable users to upload and share short videos, just like Twitter’s immensely popular Vine App, which was launched at the beginning of this year.

Twitter’s Vine App allows users to share six-second videos. Since Twitter’s Vine app has met with resounding success, Facebook joining the bandwagon is not a surprise.

Another story which is doing rounds but is less discussed is that Facebook is developing a news reader, according to TechCrunch. As Google Reader shuts down from July 1, Facebook might look to capitalize, the tech blog said.

“It could be a sort of ‘trending articles on Facebook’ feature, or a more full-blown RSS reader-style product,” TechCrunch wrote.

However, TechCrunch also said that this product might not be unveiled for the time being.

When asked to comment over the matter, both Facebook and Instagram declined to divulge any information.

Anyways, a new product/s launch from Facebook is not surprising as the Company’s product manager, Greg Lindley said last week that it will be “rolling out a series of features” over course of next few weeks.

Facebook, which held its first annual general meeting last week had to face investors’ ire over stock’s disappointing performance ever since it made its IPO on May 18, 2012. During the meeting, Facebook’s co-founder and Chief Executive, Mark Zuckerberg had said that he was sad but not distracted by stock’s volatile performance, adding that stock’s volatility would not prevent him from charting out a roadmap for the company.


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