Social Media Newsfeed: Facebook Building Snapchat Rival? | Mobile and Social Media Ads

According to reports, Facebook is working on building a Snapchat-like app. A BIA/Kelsey report shows that mobile will make up half of social media advertising in three years. These stories, and more, in today's Morning Social Media Newsfeed.

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NewFacebookLogoFacebook Reportedly Building Snapchat Rival Called Slingshot (CNET)
After Facebook’s failed bid to acquire Snapchat, the social network has reportedly been busy on developing its own video and picture messaging app. Mark Zuckerberg is personally supervising development of an “ephemeral messaging” app called Slingshot, according to a Financial Times report (subscription required). The Verge Details are slim on the video-messaging app, but, like Snapchat, it’d take just a few clicks to share videos and pictures that would disappear after one view.

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