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instagramFacebook-owned Instagram today launched a new video feature that will allow users to record 15-second clips, edit them with 13 new filters and share the motion pictures with all their friends. It’s essentially what Instagram does for photo-sharing, but now with videos. There’s also a new “Cinema” feature that stabilizes video for iPhone users.

Instagram CEO Kevin Systrom also announced that Instagram now has 130 million monthly users who have shared 16 billion photos to date — some staggering numbers to remind us how quickly the service is growing.

The new video feature competes directly with Twitter’s Vine video app, which unveiled new features today.

And for those hoping Facebook would introduce a news reader, it looks like you’ll have to wait.

 

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