Instagram to get videos ??? Facebook’s

Like Samsung, Facebook is also set to host a special press event on 20 June. Facebook’s invite read “A small team has been working on a big idea. Join us for coffee and learn about a new product.”

Of course, there is speculation as to what new product Facebook will be launching at this event.The strongest rumour however, is that one could see a video product for Instagram, similar to what Twitter had launched with Vine.

According to Matthew Key, the former Deputy Social Media Editor for Reuters — who was fired for allegedly conspiring with Anonymous to help them hack into the systems of his former employer the Tribune Company — posted on his blog, that Facebook was testing the video feature.

He writes, The feature, which is still being tested internally, would allow a user to upload somewhere between five to 10 seconds of video from their mobile device to the photo sharing website, the source said.

The source requested anonymity as they were not permitted to speak publicly about the feature.

TechCrunch has also reported that its likely that Facebook could launch the video app for Instagram though its not clear whether the feature will support video filters like Instagram does for photos.

The app if it is launched will compete with Vine, Twitter’s popular video-recording and sharing app that lets users shoot a six-second video that plays in a loop. Twitter recently launched an Android app for Vine as well.

Previously TechCrunch had also reported that Facebook could potentially launch a news reader app which could be based on an RSS like format. The report said, that the product would likely take advantage of hashtags that Facebook users can now add to posts to help its algorithms understand what topics different news articles are about.

For now, the video feature on Instagram or perhaps a completely new Instagram app with Videos seems more likely.