The app is still in early prototype stage, but as of now it opens to a camera and has a designated livestreaming feature (which would make sense, as Facebook has put a huge focus on its broadcast capabilities as of late).
The app would counteract Facebook's decline in "original broadcast sharing" - the amount of personal updates and photos people post, like baby pictures and new job announcements - which dropped 21% year-over-year in mid-2015, according to The Information's Amir Efrati.
Facebook already has a separate photo sharing app called Moments, which lets groups share photos, but this new effort sounds closer to rival app Snapchat, which lets users send photos and videos back and forth as well as to the public with its Story feature.
It also sounds similar to something Facebook has tried in the past.
In 2014, the social network released a Snapchat-like app called Slingshot. The whole idea of Slingshot was to encourage users to create more photos -when the app first launched, users couldn't even view another person's picture message unless they created their own. The app failed to take off, Facebook finally pulled the plug on it by the end of the year.
Source: http://www.businessinsider.in/Facebooks-working-on-another-standalone-camera-app/articleshow/51984747.cms
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