As Snap's user growth and ad revenue continue to disappoint Wall Street, CEO Evan Spiegel is finally ready to admit the app needs a makeover. To make Snapchat easier to use, the company is committing to a redesign. Sara Fischer, Media Reporter at Axios, was with Cheddar to discuss whether the new look will solve all of the company's problems. Fischer says Spiegel is moving towards his vision of creating a camera company. She thinks the new format is shining a light on the camera. By separating social from media, Snap is setting itself up to avoid the problem of fake news, Fischer adds. Fischer also hits on the implications of Tencent's 12% stake in Snap. She says WeChat, one of Tencent's most valuable assets, isn't as strong with the camera function as Snap. She adds that it would not surprise her if the company took some of Snap's innovations and put it on some of its own messaging platforms.