Snap Inc.'s (NYSE:SNAP) subsidiary Snapchat is testing a new user experience similar to that of video sharing platform TikTok for public content on its platform, TechCrunch reported Monday.
What Happened
The users of the social media platform will be able to navigate the "discover" section with a vertical swiping motion. A horizontal swiping motion to the left or right will have the user exit the experience.
Snapchat told TechCrunch the feature is in an early stage of testing, and only visible to select users at the moment. "We're always experimenting with new ways to bring immersive and engaging content to our mobile-first Snapchat community," a company spokesperson said.
Why It Matters
The move comes at a time when President Donald Trump has threatened to ban TikTok in the country, on the grounds that the China-based ByteDance's subsidiary compromises citizen privacy. Social media companies are scrambling to win over TikTok's large userbase.
Price Action
Snap shares closed 4.9% lower at $24.27 on Monday. The shares traded 1% higher in the after-hours session at $24.51.
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