Instagram acquires Luma a video sharing App
Instagram has just made its first acquisition, Luma. Luma is a video stabilization and sharing App. Sources have told TechCrunch that Luma is in fact already in use in the Instagram App, the stabilization function for example was integrated in June and could possibly be Luma’s technology. Facebook has officially confirmed that Instagram has acquired Luma but has however not revealed a price or any more details.