June 24, 2013 1:50 PM
The latest-Facebook data breach,which exposed personal contact information Facebook had harvested on 6M of its users,is a reminder that even if you're not handing over all your contact data to Facebook, Facebook is obtaining that data anyway. Interestingly, Vine downloads seem to already have started sliding in several key markets just a few days after Instagram?began?attacking it?directly. Last Thursday, Instagram added?a notably Vine-like video recording feature that was met with plenty of interest from users but still put Wall Street to sleep.?The popular, Facebook-owned?photo-sharing service now offers the ability to shoot and share 15-second video clips,?mimicking the 6-second clip-sharing service?that Vine pioneered last winter. Some industry observers?view the Instagram?attack?as?potentially fatal to Vine, while others see it as a lame copycat?move unlikely to hurt Vine's formidable momentum. According to Onavo, Vine is one of the most successful mobile apps in America in recent history,?converting over 10% of American iPhone?owners into active Vine users?in just half?a year. You hear that? It's the sound of 130 million people closing the Instagram app. Ok, perhaps that's a bit hyperbolic, but I'm placing my bets right now: Instagram video is a big mistake. Huge.