SwitchCam Dead, Facebook does Acquihires

Facebook’s mobile video feature is pretty awful. No multi-shot recording, stabilization, or editing. Hopefully it will get an update soon, though, as a source has tipped me off that last month Facebook hired the founders of Switchcam, a startup that specialized in video sharing. The founders Chris Hartley and Bret Welch both now list Facebook as their employer, and Switchcam has been shut down.