According to TechCrunch, Facebook will unveil a new video capture addition for Instagram at a June 20th press event. Instagram's video capabilities are said to be similar to Twitter's Vine, featuring quick, short videos that are between five and 10 seconds long. Introduced in late January, Vine allows its users to upload short six second videos that can be shared on Twitter, Facebook, and the web. Vine has enjoyed enormous success since its debut, even surpassing Instagram sharing on Twitter. TechCrunch originally suggested that the press event would see Facebook releasing a news-reading app, so it is unclear if the company plans to debut two products or if one of the sources is incorrect. There is no additional information available on Instagram video at this time, but details will surface after the press event on Thursday. Article Link: Instagram to Get Video Capabilities Next Week?