• http://www.businessinsider.com, Nicholas Carlson
The main reason people use Facebook is to share photos, and Instagram was threatening this dominance on mobile, where consumer computer usage is going.
Now there is a new startup that presents a similar threat.
It's called Snapchat. It's an app where users send each other self-destructing photos. Teens use it to send each other provocative images, which adults call "sexting."
Like Instagram, it's a mobile photo-sharing app, and it's come out of nowhere to grow like crazy.
Facebook already tried to build a Snapchat clone, which failed to gain wide adoption.
Snapchat poses a real threat to Facebook, and because of that it wouldn't surprise us if Facebook – or one of its rivals like Google, Yahoo, or Twitter – stepped in to acquire it at a massive premium over its current $50 million valuation.
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