Is Facebook building a "Moments" app for ultra-private sharing?

The company’s reportedly putting the finishing touches on a separate app for composing intimate updates, designed to be an entirely different experience than what we have now: the kludgy toggling of the sharing settings on one composer interface in order to create both intimate content and blasted-out-to-the-universe Newsfeed updates.

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Story added 18. September 2014, content source with full text you can find at link above.