Facebook reportedly tried unsuccessfully to buy Snapchat and now it's planning to take it on with a a video-chat messaging service, known internally as Slingshot. According to The Financial
, it will work in a similar way to TapTalk, allowing users to tap a friend's profile picture and then send them a photo or short video which can only be viewed once. The new app is
considered so important that Mark Zuckerberg is personally overseeing its development.
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