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Snap Is Taking Its Shot at TikTok

TheMotleyFool

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Snapchat parent Snap (NYSE: SNAP) is the latest social media specialist to try to take a bite out of TikTok's surging popularity. Yesterday, the company announced a feature called Spotlight, which will become a new section of the app designed to highlight viral videos. Investors cheered the news, sending shares to record highs.

The never-ending cycle of social media companies replicating rivals' best features continues.

Image source: Snap.

Source Fool.com

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