On Monday, Shares of Facebook Inc (NASDAQ:FB), lost - 0.54% to $105.61.
Over the past year or so, Facebook has made increasingly aggressive attempts to chip away at YouTube’s dominance in the world of short Internet videos. It hasn’t made a dent yet, according to one key measure, according to Bloomberg
Sandvine, a networking company that reports on which services use the most bandwidth, just published its most recent numbers. YouTube’s share of U.S. Internet activity grew to 17.9 percent, up from 14 percent a year ago. Facebook’s share is only 2.5 percent, down from the 3 percent it claimed a year ago.
Below is a chart showing the share of each major video service in the U.S. over the last two years. Netflix is far and away the biggest, and while Amazon and Hulu are tiny by comparison, both expanded during the year, surpassing Facebook. The growth of those services comes in part from the type of videos they stream: longer, high-quality files that eat up lots of bandwidth. But since Sandvine measures data in the evenings, Netflix, Amazon, and Hulu may also look deceptively popular contrast with Facebook, which doesn’t have the same nighttime spike.
YouTube’s video service is a more apt comparison, because it also traffics predominantly in short videos that people watch throughout the day.
On other News report, Facebook’s Slingshot app missed its mark. So did Riff and Rooms.
The social-networking giant has quietly curtailed its Creative Labs, the startup-like initiative that encouraged its employees to design innovative and unusual mobile software. Among the first casualties: Slingshot, an ephemeral messaging service that competed with Snapchat, and Rooms, a group messaging service, according to CNET
As of Monday, Slingshot, Rooms and Riff, an app that allowed users to create and share short videos based on a theme, have been pulled from app stores. The Menlo Park, California-based company has also removed the Web page for Creative Labs.
A Facebook spokeswoman confirmed the apps had been removed, noting they hadn’t been updated in some time.
“Since their launches, we’ve incorporated elements of Slingshot, Riff and Rooms into the Facebook for iOS and Android apps,” she added.
Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
On other hand, Shares of Tesla Motors Inc (NASDAQ:TSLA), gained 0.33% to $231.13, during its last trading session.
Need a job? Not too particular about whether the company is profitable? Check out Tesla’s website, according to Profitable Bloomberg
The maker of electric cars and energy-storage devices had 1,656 job openings posted as of Monday afternoon. Among them: a radar engineer with one to three years of experience with automotive radar systems; a manager to establish a service operation in Mexico City; product specialists in cities from Amsterdam and Milan to Shanghai and Chengdu.
After losing $1.88 billion since 2007, Tesla is piling on the personnel as it offers more models, builds the world’s biggest battery factory and expands globally, counting stores opening this week in Mexico City and Edinburgh. For the youngest publicly traded U.S. automaker, it’s a race to grow without jeopardizing Chief Executive Officer Elon Musk’s push to turn cash-flow positive in next year’s first quarter.
“During 2016 Tesla will face a balancing act of funding its rapid growth aspirations and showing the market its ability to deliver profits,” said Ben Kallo, an analyst with Robert W. Baird & Co. “Workforce expansion across all divisions is necessary” given all the tasks ahead in both the carmaking and battery businesses, he said. Bloomberg Report
On the other news report, in the first 10 months of this year, sales of electric vehicles in China jumped 290% to 171,145, and the country could overtake the U.S. as the world’s top EV market, potentially good news for Tesla Motors (NASDAQ:TSLA) and Kandi Technologies Group (NASDAQ:KNDI), according to Investor’s Business Daily
The state-controlled news agency Xinhua said Sunday that sales of EVs are estimated this year at 220,000-250,000, while 180,000 EVs will be sold in the U.S. in 2015, according to Reuters.
China is already the world’s biggest market for standard gasoline-engine autos, and Beijing has offered incentives, counting subsidies and tax breaks, to EV makers and consumers as part of a broad campaign to cut air pollution.
Tesla Motors, Inc. is a United States-based company, which designs, develops, manufactures and sells electric vehicles, electric vehicle powertrain components and stationary energy storage systems. The Company sells and produces a vehicle under the name Model S, which is a fully electric, four-door, five-adult passenger sedan.