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Snapchat Funneling Its Users To Amazon

|Includes: Amazon.com, Inc. (AMZN), FB, SNAP, TWTR

Snapchat (NYSE:SNAP) is building a search platform in which the items you look up will be redirected to Amazon. A feature that they will be calling “Eagle.”

Snapchat is also working on a visual search, where if you hold down the screen you can search songs, items, places, etc. The search digs into Amazon, Shazam, and other Snap partner’s data bases.

This is a much needed move for Snapchat as they had a 385 million loss last quarter as opposed to their top competitors Facebook(NASDAQ:FB) and Twitter (TWTR).

Amazon Chart

Amazon moved up 1.1 percent in today’s trading session

snap chart

Snapchat down 2.3% in today’s trading session.