Money Clip: Facebook vs. Snapchat?

To view this site, you need to have Flash Player 9.0.115 or later installed. Click here to get the latest Flash player.

May 19, 2014, 6:55 am
Print Article

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.

For up-to-the-minute news and weather, be sure to follow us on Twitter and like us on Facebook.

Tags: Facebook, app, Snapchat, video chat, Slingshot
Employees refuse to work until Arthur T. Demoulas returns
Prosecutors filed motion asking for permission to test samples of evidence with "limited biological material'
Workers' revolt at supermarket chain has led to empty store shelves, angry customers