In the registration filing for its initial public stock offering, Snapchat parent Snap Inc. said its competitors range from Google, Apple and Facebook to popular Asian messaging apps such as Kakao and Line. But it didn’t list any traditional media companies like Fox or Viacom. That’s odd, because Los Angeles-based Snap is, fundamentally, a burgeoning media company. Snapchat may be a messaging app, but in many ways, it’s also a new...

Source: Wall Street Journal February 04, 2017 12:00 UTC