Facebook re-releases its Snapchat response

Ina Fried

Do you really need another app for sharing photos and videos with your friends?

Clearly, Facebook thinks that your do. On Tuesday the company is releasing Slingshot. Actually it is re-releasing it, after it was accidentally released and then pulled earlier this month.

The app is designed for frequent, mass sharing of mundane moments. The photos and short videos are captured within the app and sent to one or many friends, who can't view what is shared until they share something back.

Andrew Harrer | Bloomberg | Getty Images

The idea is to shift the usual Internet balance of power in which a small group of people do most of the sharing and most others just lurk.

"Hopefully people who don't share as much will feel comfortable in this app sharing," said Slingshot product manager Will Ruben.

Read MoreThe most innovative start-ups in business

While someone can take a screenshot of a photo they receive, pictures and videos that are received are deleted after they are viewed and someone moves on to the next item.

Facebook is also hoping to use the new app to reach beyond those already using its service or Instagram, which it also owns. Slingshot, which will launch on iOS and Android, is designed to share with anyone in one's address book, not just those who use Facebook.

Facebook's Snapchat rival revealed -- on purpose?

The company is taking pains to say that Slingshot is different from Taptalk and Snapchat in that it is designed for one-to-many sharing rather than one-on-one interactions.

Read MoreHow to invest in the next Apple

Built by about 10 people over the past few months, Slingshot is the second product to come from the company's Creative Labs (Paper was the first). Slingshot was conceived of during a December hackathon.

Facebook briefly launched Slingshot into the wild earlier this month, but quickly pulled it back saying it had been flung out in error.

By Ina Fried, Re/

CNBC's parent NBCUniversal is an investor in Re/code's parent Revere Digital, and the companies have a content-sharing arrangement.