Facebook/Instagram Announce Video for Instagram – Over 130 Million Users, 16 Billion Photos and Over 1 Billion Likes Per Day

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This morning Facebook held a press event at their Headquarters in California, where the company has just announced that they are bringing video to Instagram with a brand new set of features. More than likely to compete with Vine, which is owned by Twitter and just made it to Android. Soon, Instagram users will be able to share similar video clips as you can on Vine. On stage, Instagram demoed an updated iOS app that includes a button for video capture that allows you to create a 15 second long video using multiple clips. It has also announced that they have partnered with an artist to create 13 new filters, that are specifically for video. Who doesn't love some filters?

Facebook and Instagram also announced some other key stats during the presentation like 16 billion photos have been shared on Instagram, over 1 billion likes per day and over 130 million active users. Even after the whole "Instagram can sell my pictures" thing.

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Instagram also said that they had put video features on hold over the last two years, mostly because those features were hard to get a speedy experience with on devices back then. But technology has certianly evolved since then.

There were rumors that Facebook was going to do a Google Reader alternative and announce that today, but instead we get Vine for Instagram, as most people are calling it. The event is still happening, but we'll be moving our eyes and ears over to the Samsung event in a few minutes. That you can watch here.

There's no word about an updated Instagram app for Android. But I certainly hope they don't wait too long to update the Android app. As most of their users are probably on Android now. How many of you are excited for Video for Instagram?

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Update: We've just gotten word from the event that the app will be available on Android the same day it launches on iOS. Well the improved app anyways.