Facebook and Twitter continue battle it out on their quest for market share. This time it's on video. Not long after Twitter virtually closed the door on Instagram, they released Vine. This new six second only video app raged for a few weeks on iTunes download charts and still resides as the #3 spot.

Now Instagram - which is owned by Facebook - is looking to fire back. Reports have leaked a possible June 20th release of a new video feature for the extremely popular photo only service.

Let's see how Instagram improves on this new creative medium.

 

Vine clings to the charts

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