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Nik
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Pro: YouTube is old, tired, and needs serious competition. The YT app sucks. You could say this a mobile-first YouTube, insofar it's a bit of a no-brainer for FaceGram to do. Especially because they have the Facebook server farm firepower behind them. Should be interesting.
Con: I don't like the 1 hour limit because longer videos are enabling most of the music I listen to, all sorts of...
IGTV
Instagram's new app for watching long-form, vertical videos