Apple making Snapchat clone, Hyperloop Transportation’s novel approach, and RockYou buys Fanbread.

Apple Making Snapchat Clone

Apple is developing a video sharing app that allows users to record video, apply filters and drawings to the media, and send it to contacts or via existing social networks such as Twitter, reports Bloomberg. The software, which is similar to Snapchat, is being designed to be used mostly with one hand and with the intention that video could be shot, edited, and uploaded in less than one minute.

Hyperloop Transportation’s Novel Approach

Hyperloop Transportation Technologies of El Segundo claims it will use a new composite material, vibranium, in the construction of its rail system, reports Ars Technica. The material supposedly has sensors within it to monitor the integrity of the hyperloop capsules.

RockYou Buys Fanbread

RockYou, a mobile and social game developer, has acquired internet celebrity website builder Fanbread of Venice for an undisclosed amount, reports VentureBeat. RockYou earns most of its revenue from in-game ads and will now extend that advertising to the websites of Fanbread’s celebrity clients.

Technology reporter Garrett Reim can be reached at [email protected]. Follow @garrettreim on Twitter for the latest in L.A. tech news.