Facebook Creates a new "Snapchat"

After Snapchat refused Facebook's $3 billion dollar offer to buy their company, Facebook has now decided to create their own Snapchat like app called Slingshot. Mr. Zuckerburg is personally overseeing the development of this app. Mark is trying very desperately it seems, to compete with Snapchat which its users send over 700 million different pieces of media a day. Some may say the Mark Zuckerburg is taking it very personally after Snap chat refused is offer. So far Snapchat has been competing with a few other companies by adding text messaging and video chatting. 

http://tech.fortune.cnn.com/2014/05/19/facebook-developing-snapchat-like-app-called-slingshot/