Microsoft Blocks Snapchat Apps On Security Concerns

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Microsoft Corporation (NASDAQ:MSFT) has moved to tighten security around its photo viewing app, Snapchat, after being accused of laxity on protecting user’s personal data. Back in November, Microsofthad admitted to the fact that some developers had created some services around Snapchat that left user’s security vulnerable thus the unprecedented move.

Security Concerns

Snapchat has in the recent past come under increased scrutiny from a number of security experts and developers who argue that its security aspect of the photo viewing service had been left vulnerable. All third party Snapchat alternatives that could be accessed on Windows phone have now been blocked as the company looks to rely on inside built apps.

There have been increased concerns that user’s information through the use of third-party apps might have been left vulnerable through a widely circulated unofficial API. Microsoft Corporation(NASDAQ:MSFT) has also confirmed that it might be forced to close some of the accounts of people who continue to use third party apps in this case as a security measure.

Snapchat New Messaging Service

The third party apps have reportedly been removed on Snapchat request after the service opted to block all third party apps across platforms. The move essentially that means that Microsoft Corporation (NASDAQ:MSFT) users have no alternative for accessing photo messaging service on their phones. One of the apps that have been affected by the directive is 6snap that was one of the most popular third party apps on the windows platform.

Developer of 6snap Rudy huyn has confirmed that he will be working closely with Microsoft Corporation (NASDAQ:MSFT) in a bid of trying to sort out the standoff. The giant software maker is thought to be taking a hard stance on these third-party apps after two of them were accused of leaking millions of users ID’s and passwords. Snapshot is also believed to be working on a mobile messaging platform which means it could finally release an official API that should allow third party apps to connect while providing increased privacy protection.

Technical Analysis

Microsoft AnalysisMicrosoft Corporation (NASDAQ:MSFT) had been in a strong uptrend before some amount of profit booking in Friday’s trading session on 30 minutes chart. Moving ahead the stock has strong support at 50-Day SMA of $46.57 on the downside whereas $48.5 continues to be a strong resistance for the stock.

Actionable Insight

Sell Microsoft Corporation (NASDAQ:MSFT) below $47.6 for target of $47.2, $46.9 with stop-loss of

$47.85

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