Facebook developing video-chat app to rival Snapchat - FT

NEW YORK Mon May 19, 2014 8:25am IST

A man is silhouetted against a video screen with an Facebook logo as he poses with an Dell laptop in this photo illustration taken in the central Bosnian town of Zenica, August 14, 2013. REUTERS/Dado Ruvic/Files

A man is silhouetted against a video screen with an Facebook logo as he poses with an Dell laptop in this photo illustration taken in the central Bosnian town of Zenica, August 14, 2013.

Credit: Reuters/Dado Ruvic/Files

Related Topics

Stocks

   

NEW YORK (Reuters) - Facebook Inc is developing its own video-chat app, known internally as Slingshot, after its failed attempt to acquire mobile messaging startup Snapchat, the Financial Times reported on Sunday.

Facebook has been working for several months on the planned video-chat app, which would allow users to send short video messages using a touch-screen, the FT said, citing people familiar with its plans.

Slingshot could be launched this month, the paper cited one source as saying, while noting that Facebook might ultimately decide not to proceed with the launch of the app.

Facebook chief Mark Zuckerberg has been overseeing the "top-secret" project after the social network company was unable to win Snapchat's creators, Evan Spiegel and Bobby Murphy, with its $3 billion takeover offer late last year, the FT said.

Snapchat, popular among teenagers, allows users to send smartphone photos that automatically disappear after a few seconds.

(Reporting by Ashley Lau; Editing by Steve Orlofsky)

FILED UNDER:

Samsung

Tech Showcase

'Right To Be Forgotten'

Right To Be Forgotten

EU watchdogs to apply 'right to be forgotten' rule on Web worldwide  Full Article 

HP Earnings

HP Earnings

HP fourth-quarter revenue drops on weak enterprise demand  Full Article 

Price-Fixing Lawsuit

Price-Fixing Lawsuit

U.S. appeals court rejects Motorola Mobility price-fixing lawsuit  Full Article 

Net Neutrality Hurdles

Net Neutrality Hurdles

AT&T says fiber spending pause affects only new commitments  Full Article 

Fighting Extradition

Fighting Extradition

Megaupload's Dotcom says extradition fight leaves him bust   Full Article 

Mt. Gox Bankruptcy

Mt. Gox Bankruptcy

Bitcoin exchange Kraken to help in Mt. Gox bankruptcy  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage