In its ongoing battle to take back teen market share from Snap, Facebook is apparently readying a new messaging app for younger users. Citing code contained inside of the Facebook's flagship app, The Information says it can tell that just such an app is in the works.
Talk about a rich ecosystem. Since launching its App Store in 2008, Apple says it has paid out more than $70 billion to developers. Considering its 70/30 revenue split with developers, that means the tech giant has made around $30 billion from its app business to date.