Facebook Launches a Standalone Camera App - Mike Isaac - Social - AllThingsD

Covering at least the win and place bets, for photo showing

"What we didn’t know, however, is that Facebook was essentially building its own version of a standalone mobile photo-sharing application, ostensibly to compete with Instagram before it took over the mobile photo-sharing world completely.
How do I know that? Because Facebook will launch the product this afternoon in Apple’s App Store."

Facebook Launches a Standalone Camera App - Mike Isaac - Social - AllThingsD