Facebook Developing Slingshot against Rival Snapchat and Pfizer Rejected again by AstraZeneca
Facebook, Inc. (NASDAQ: FB) is developing an app similar to Snapchat called Slingshot, according to the Financial Times. The Financial Times says Slingshot will let users send short video messages with just a couple of taps on the screen. Last year Facebook failed to acquire SnapChat and had a $3B offer turned down. In an effort to have its own "ephemeral messaging" app, Facebook is developing Slingshot. CEO Mark Zuckerberg is reportedly supervising the development and it could be released later this month. Facebook, Inc. operates as a social networking company worldwide. It provides a