Instagram is Facebook’s YouTube

Instagram adopting short videos will be insanely popular and businesses should be brainstorming ways to put this functionality to use for their (and their followers) benefits…

Source: Instagram Will Get Video On June 20 | TechCrunch: “Getting video on Instagram is a move that would make sense. Specifically, it looks like a direct response to the rising popularity of video-sharing services, namely Twitter’s Vine. It, and others like Viddy, Cinemagram and Socialcam, sometimes get described as ‘Instragram for video’ apps.”

From the many reports on Techmeme following an invite from Facebook central, it looks like video addition to the service will be formally announced on June 20.

Facebook’s acquisition of Instagram for one billion dollars last year raised more than a few eyebrows as bloggers, skeptics and business papers wondered how people’s pictures of sushi could be worth that much to Faceobok (who was already dealing with a flopped IPO at the time).

However, Facebook’s acquisition of the photo sharing service was brilliant.

Instagram has become a major social network in its own right and the social interactions there go well beyond photo sharing. Middle schoolers, high schoolers and influentials in the highly prized 18-24 demographic are using Instagram at an incredibly high ratio and that’s only going to continue to expand upwards on the curve (even as the mothership of Facebook has shown slower growth and some fatigue from this demographic).

To put it another way, the kids are all moving to Instagram (and Kik, Snapchat etc) as the old folks flood into Facebook.

Adding video functionality to Instagram is a no-brainer as Twitter’s similar Vine service has been growing in popularity with its ability to broadcast looping 6 second videos.

Whether or not you understand what Vine and (soon) Instagram videos can do for your business, it’s important that you put on your thinking hat. This is going to be big.

To put it simply… Instagram is the YouTube of Facebook.

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