Snap Is Taking Its Shot at TikTok

Snap Is Taking Its Shot at TikTok
Evan Niu, CFA, The Motley Fool

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.