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Snap Is Taking Its Shot at TikTok

Snap Is Taking Its Shot at TikTok

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