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| VIEW EVENT INFORMATION: Instagram |
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Instagram’s First Acquisition Is Video Sharing App Luma |
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About the organization Instagram:
Type: Business
Sub-Types: Website, Picture Hosting Agent, Video Hosting Agent, Application Software, Telecommunication, Telecommunication Software |
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Notable Organizations: Instagram, Techcrunch
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| Instagram has just made its first acquisition, buying both the team and technology of Y Combinator company Luma (formerly known as Midnox). Luma had created a video-capture, stabilization, and sharing app, which will be shut down soon. In fact, one source tells us Luma’s stabilization technology is already live in Instagram. |
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