Instagram Adding Video and Much More!

Instagram Adding Video?
Tech Crunch
Later this week, Facebook will reportedly add a video feature to Instagram. “On June 20, a source says Facebook will unveil that Instagram … will begin to let people also take and share short videos,” TechCrunch reports. “Call it the Vine effect,” it adds, referring to Twitter’s popular video-snippet-sharing service.

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Microsoft Bowing Windows 8 Ad Format
Ad Age
Microsoft today is expected to debut new native ad formats for Windows 8 “The new ads … will revisit what a banner can be on Windows 8 devices, whether they’re desktop computers, tablets or mobile phones,” AdAge reports. The ads were apparently developed with the help of brands and agencies, including All Saints, Dell, Universal McCann and VML.

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Yahoo Could Pay $50M For Qwiki
All Things D
With no end in sight to its shopping spree, Yahoo is reportedly close to dropping as much as $50 million on app maker Qwiki. Born as a multimedia search offering, Qwiki has recently gained traction with an iPhone app that lets users turn their photos, music and videos into short movies. “We want to be the first real storytelling app,” Qwiki CEO Doug Imbruce told AllThingsD in February.

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Digg Preps RSS Aggregation Service
Engadget
Remember Digg? The social news pioneer, which was acquired by Betaworks last year for a half million dollars, is preparing to launch a very Google Reader-like service. Opportunistically, “It looks like it’ll arrive just ahead of the final days of Google’s RSS aggregation service,” Engadget reports. “The service, which uses the same API as Reader, is planning a public beta starting on June 26th.”

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Samsung One-Ups Apple With Jay-Z Promo
The Wall Street Journal
What’s one way for Samsung to steal cool points from Apple? Feature Jay-Z in an ad, and then give away 1 million copies of the rapper’s next album 72 hours ahead of its official release date on July 4. “The users are to receive the music through an app they’ll receive later this month,” The Wall Street Journal’s Speakeasy blog reports. “Samsung paid $5 apiece for the albums,” it writes, citing a source.

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