Is Facebook Looking To Counter Snapchat With LifeStage?

Looking to maintain its “cool” quotient and prevent young users from migrating to other platforms, Facebook (NASDAQ:FB) recently launched an iOS app called “Lifestage” for users under the age of 21. This video app, which looks relatively similar to Snapchat, allows users to share video within their networks. As the popularity of other social media platforms such as Snapchat increases among young users (more than 60% of U.S. smartphone users between the ages 13 and 34 use Snapchat) this...