“Facebook Inc, operator of the largest social network, plans to unveil video-sharing tools, bringing its Instagram into closer competition with Twitter Inc., a person with knowledge of the matter said,” Brian Womack reports for Bloomberg.
“Facebook is holding a briefing today at 10 a.m. local time at its headquarters in Menlo Park, California,” Womack reports. “The video tool would vie with Twitter’s Vine, an application that lets users share brief video clips and ranks among the most popular applications for Apple Inc.’s iPhone.”
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Womack reports, “Facebook Chief Executive Officer Mark Zuckerberg is adding products and services in a push to step up sales growth.”
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