Snap Inc SNAP shares plunged 4 percent in Tuesday’s pre-market trading on news of Facebook Inc FB’s latest “innovations” — which strikingly resemble exclusive Snapchat features.
Facebook announced a new in-app camera with allegedly novel effects and sharing methods:
- Camera Effects: Masks, frames and interactive filters have long been a hallmark of Snapchat, but Facebook’s latest offering and partnership with movie brands dilute the uniquely Snap experience.
- Direct: Ephemeral photos and videos have kept many a Snap user out of trouble, and Facebook is capitalizing on the appeal. Friends can view Direct messages once, replay once and reply before the content disappears.
- Facebook Stories: After seizing the day-in-the-life feature for Instagram, Facebook now allows app users to share a collection of photos and videos that reset after 24 hours.
The Imitation Game
Sound familiar? It should. As should these Facebook ventures implemented since the emergence of Snap:
- Poke.
- Slingshot.
- Bolt.
- Instagram Direct.
- Messenger Day.
- WhatsApp Status.
- Instagram Stories.
- Vertical video ads.
Related Links:
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Wait For It...Snap's Long-Term Potential Anchored By Priced-In Growth, Profitability
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