Here’s Facebook Inc.’s Next Major App

Source: Facebook.Facebook’s (NASDAQ:FB) mobile app is one of the most popular in the world. More than 1 billion people use Facebook on their mobile devices each and every day. But there’s more to Facebook than its core social network. The company has an increasingly impressive array of other apps, each boasting hundreds of millions of additional users in their own right. Collectively, WhatsApp, Messenger, and Instagram reach 2.3 billion people each month, mostly through mobile devices. WhatsApp and Messenger lead the way with 1 billion and 900 million monthly actives, respectively; Instagram adds 400 million. The company has tried many times to add a fifth to that lineup, but most of its initiatives have been outright failures. Last year, Facebook discontinued Slingshot, Riff, and Rooms after they failed to gain sufficient…

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