Facebook developing camera app similar to Snapchat: WSJ

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Facebook Inc (FB.O) is developing a stand-alone camera app, similar to disappearing photo app Snapchat, to increase user engagement, the Wall Street Journal reported, citing people familiar with the matter.

The app, being developed by Facebook s “friend-sharing” team in London, is in its early stages and may never come to fruition, according to the report.

The company is also planning a feature that allows a user to record video through the app to begin live streaming, the newspaper reported.

Facebook declined to comment on the report.

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