I wrote about the arrival of Facebook stories.
That Facebook has now brought stories to its entire suite of consumer products represents a powerful validation of Snap’s product genius. It is also an existential threat. Facebook’s entry into live video last year pushed rival products, including Meerkat and Twitter’s Periscope, to the sidelines — and there’s every reason to believe that Facebook’s adoption of stories could have the same effect on Snap. The question is whether Facebook’s global reach is powerful enough to offset the fact that, at least at launch, its version of stories is clumsier than Snap’s.