Facebook Working on Slingshot, a Snapchat Competitor

According to the Financial Times, Facebook is reportedly working on Slingshot which is a new app designed to rival Snapchat. The app features a simple and quick user interface for video chat.

"The app allows users to send short video messages with just a couple of taps of the screen. Slingshot could be launched this month, one person said, while cautioning that Facebook might still decide not to proceed with launching the product. Slingshot is likely to stand alone from Facebook Messenger, its popular texting app, as part of Mark Zuckerberg’s strategy of unbundling the group’s social network into standalone mobile services."

Slingshot is said to be resemble TapTalk, a video messaging app that lets you tap or hold a contact's profile picture to send a photo or video that can only be viewed once by the recipient.