Facebook is working on a Snapchat-like camera app: Report

Facebook is developing a stand-alone camera app, similar to disappearing photo app Snapchat, to increase user engagement, the Wall Street Journal reported, citing people familiar with the matter.The app, being developed by Facebook's "friend-sharing" team in London, is in its early stages and may never come to fruition, according to the report.The company is also planning a feature that allows a user to record video through the app to begin live streaming, the newspaper reported.Facebook declined to comment on the report.This isn't the first time that Facebook is planning to take on Snapchat as we've already seen the failed attempt at building Slingshot. Late last year, Facebook had announced to shutter down its Creative Labs division that is responsible for apps such as Slingshot, Riff and Rooms. Moreover, the company has also pulled out all three apps from the Play Store.Slingshot allowed users to sign up for the service with their mobile phone number and connect with friends in their phone’s contact list or, if they want, by finding their Facebook friends.Photos on Slingshot disappeared from users’ phones shortly after they are viewed, reflecting a growing anxiety about privacy in the age of Internet social networking.With input from Reuters