Facebook Instagram videos: Facebook making announcement Thursday

Rumor has it that Mark Zuckerberg is trying to compete with Twitter's Vine.

The blog, TechCrunch , is reporting that Facebook may be adding videos to Instagram. The announcement that the social network may start allowing Instagram videos is expected to come at a Facebook press event on Thursday.

Facebook purchased the photo-sharing site, Instagram, for $1 billion in April 2012. 

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