Money Clip: Facebook vs. Snapchat?

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May 19, 2014, 6:55 am
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Facebook is reportedly developing a video chat app to rival Snapchat.

It is known internally as Slingshot, after its failed attempt to acquire mobile messaging start-up Snapchat, according to the Financial Times.

CNBC's Seema Mody joins us for a discussion on this and other business stories making headlines in this Money Clip segment.

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Tags: Facebook, app, Snapchat, video chat, Slingshot
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