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Snapchat doesn't have live feature. Periscope does. So I think this is their first mover advantage against snapchat on live video and crushing out competition which is periscope or related.
Snapchat was Instagram's rival!!!! I didn't know that. I thought Instagram is kind of smart and Snapchat is... well, Snapchat is ordinary.
I don't think Snapchat has any live feature. It is like 30 seconds video upload option. But good to hear that Instagram has launched live feature.