Twitter (TWTR) Pressured as Snapchat Debuts Potential Competitor to 'Moments'

Twitter (NYSE: TWTR) shares are lower Monday following an update posted by Snapchat to its official blog. Snapchat debuted its new Story Explorer.

Snapchat's Story Explorer will allow users to see certain news bits or popular media from various angles. Of course, it depends on people submitting content to the app while watching the event unfold, but it could end up being a competitor to Twitter's Moments initiative.

The blog post and video follow. Twitter is down 4 percent.

Snapchat Stories celebrate the power of different perspectives. It’s a totally unique way to experience what’s happening all over the world through the eyes of our community.

Sometimes what’s happening goes beyond the Snaps we’ve curated into a Story. Today, we’re introducing Story Explorer.

Story Explorer relies on technology developed by our research team to provide more depth to every Snap in a Story. When you see a moment that inspires or excites you, simply swipe up to see more Snaps of that same moment - from every perspective.

It’s the first time you’ll be able to experience that incredible game-winning dunk from thousands of perspectives throughout the stadium - or feel like you’re right there on the scene when breaking news unfolds.

Our community makes this possible by sharing Snaps in the moment and contributing so many diverse perspectives - a huge thank you to Snapchatters everywhere for making this dream a reality!

We’re launching Story Explorer on the New York and Los Angeles Live Stories today - with plans to roll out this technology across many more Stories very soon!

Happy Exploring!

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