Creating original content doesn't come cheap. And it seems Snapchat -- a messaging app valued at $16 billion -- can't seem to justify the cost.
In this CNET Update, learn about the death of the Snap Channel, and what the app's billionaire CEO has been up to these days. Also, Twitter cuts 8 percent of its employees, but can't seem to find the time to tell them all in person before cutting off access to e-mail. And as Snapchat and Twitter downgrade, Apple upgrades some Mac computers and accessories:
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Discuss: Snapchat kills original content plans -- because of cost?
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