Facebook (FB) the Disruptor Strikes Again! This Time...in Video Sharing
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Facebook (Nasdaq: FB) is living up to its "disruptor" moniker with the recent debut of video sharing on Instagram.
According to the latest data from Topsy.com, Facebook's debut of Instagram Video last week caused a marked drop in the number of users utilizing Vine.co videos on Twitter.
Instagram.com posts saw a slight spike, but were relatively flat at 1.5 million to 1.6 million over the last month. However, Vine.co posts moved from over 3 million earlier in June to below 1 million daily as of recent.
Whether or not Facebook will be able to monetize the new video service is a good question, but the new service has rekindled affiliation with Instagram.
Shares of Facebook are up 0.7 percent early.
According to the latest data from Topsy.com, Facebook's debut of Instagram Video last week caused a marked drop in the number of users utilizing Vine.co videos on Twitter.
Instagram.com posts saw a slight spike, but were relatively flat at 1.5 million to 1.6 million over the last month. However, Vine.co posts moved from over 3 million earlier in June to below 1 million daily as of recent.
Whether or not Facebook will be able to monetize the new video service is a good question, but the new service has rekindled affiliation with Instagram.
Shares of Facebook are up 0.7 percent early.
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