FACEBOOK ADDS CAMERA FEATURES
Facebook Inc. is giving the camera a central place on its smartphone app for the first time, encouraging users to take more pictures and edit them with digital stickers that show the influence of rival Snapchat. Shares of Snapchat owner Snap Inc (SNAP.N), which held its initial public offering this month, were down 4.1 percent at $22.85 after Faceook’s announcement. With an update scheduled to take effect on Tuesday, Facebook will allow users to get to the app’s camera with one swipe of their finger and then add visual details like a rainbow or a beard of glitter. Users will be able to share a picture privately with a friend, rather than to all of their friends, and add a picture to a gallery known as a “story,” similar to a feature on the Snapchat app.