24 August 2013

Instagram Buys Luma - Video Capture and Sharing Service

Instagram acquires both team and technology of startup Luma(formerly known as Midnox) owns by Y Combinator company. In a blog with http://luma.io/, the Luma team said that they will be joining the talented team at Instagram.

As noticed on the website, this video capture and sharing service will be shut down on December 31, 2013. It is advised that those millions of people use Luma, shall backup their videos.
About

Instagram is a fun and beautiful way to take a photo, edit with filters, and then share to social media like Facebook and Twitter.

Luma is a video capturing and sharing service owns by Y Combinator. It is available on app store and loved by millions of people.

According to AllthingsD, the deal has been confirmed by a Facebook spokesman.

This news report was first reported by TechCrunch.

Sources:

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