Facebook jumps after announcing another key move in its quest to crush Snapchat

Facebook is up 1.23% at $130.96 a share after announcing another key move in its quest to crush Snapchat.

After successfully copying Snapchat with Instagram Stories, Facebook is trying to do it again.

The same interface, which Facebook is calling Facebook Stories, is currently being tested in the Facebook mobile app, a company spokesperson told Business Insider on Wednesday. Facebook Stories could also prove to be a new way for the company to monetise its 1.8 billion users.

In other Facebook news, Mark Zuckerberg says he has no plans to run for president, despite his statesmen-like 2017 tour of the United States.

He is also “reconsidering” suing Hawaiians to make them sell their stakes in parcels of land scattered throughout his Kauai estate, he told Business Insider on Tuesday.

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