A new report from The Wall Street Journal suggests Facebook has a new photo and video app that will directly compete with Snapchat and Periscope. The app is said to launch directly into a camera environment, with live video playing an important role as well. Once in the app, you can take pictures for direct upload to Facebook, or start a live video stream. It’s not known if MSQRD will play a role, but that would probably be a good bet on Facebook’s part. Facebook is also said to offer the app as a measure to get people sharing more.…

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