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August 24, 2013 02:11 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/2c9J7c0RyNA/
Instagram's First Acquisition Is Video Sharing App Luma
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.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/2c9J7c0RyNA/
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