SAN FRANCISCO (Feb 21): Now there's another Facebook Inc app making features that mimic Snapchat. It's the latest example of a Facebook app building the tools popularised by its younger rival, owned by Snap Inc. Facebook's Instagram, for example, now has 150 million people using its version of stories, launched in August. "We're bringing this format into WhatsApp and giving it a bit of the WhatsApp flavour that we know, which touches on reliability, security, and personal sharing." Facebook's moves to copy Snapchat's features have already raised concerns after Snapchat reported that user growth slowed in the most recent quarter. WhatsApp said its new features will be tested in the Netherlands, France, and other countries before rolling out globally.

Source: The Edge Markets February 21, 2017 02:03 UTC