Facebook reportedly building new messaging app 'Slingshot'

Social networking giant Facebook is reportedly building its own messaging app that is said to give competition to the existing Snapchat.

Rumour suggests that the app, called Slingshot internally, is likely to be released as early as this month.

According to 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.

Slingshot will be a simple, standalone mobile app separate from the main Facebook app, the report adds.