On Friday, Shares of Facebook Inc (NASDAQ:FB), incline 0.12% to $88.26, after Facebook Inc threatens YouTube With New Streaming TV App
Facebook (FB) users just got access to over 400 streaming video channels, thanks to FreeCast’s Rabbit TV Lite app. The app, which runs inside Facebook, aggregates free videos from all over the web and organizes them into channels. Users can’t watch premium shows like Game of Thrones, but there are still plenty of other shows, movies, and live channels to enjoy. Motley Fool
Facebook’s future in video
To understand how Rabbit TV indirectly complements Facebook’s current strategies, we should discuss how much video matters to the social network. In 2013, its photo-sharing network Instagram introduced 15-second videos, paving the way for video ads to arrive a year later. In late 2013, Facebook introduced silent autoplay in-feed videos, which were warmly received by marketers. Motley Fool
Earlier this year, the company started letting users embed its hosted videos on third-party sites to challenge Google’s (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube. It subsequently imitated YouTube’s strategy by sharing ad revenues with select content creators. In July, Facebook added a Periscope-like live streaming feature in its new Mentions app for celebrity users. Motley Fool
The problem with Rabbit TV
However, the big problem with FreeCast’s Rabbit TV is that it relies completely on aggregating videos from other sites. This means that if it gets more popular, sources like YouTube and major TV networks could start requesting licensing fees. If FreeCast refuses, they could simply cut Rabbit TV off. The Supreme Court ruling against Aereo, a streaming service which lets users watch local TV channels on mobile devices, also doesn’t bode well for Rabbit’s long-term future. Motley Fool
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.
Shares of Gap Inc (NYSE:GPS), declined -1.80% to $32.42, during its last trading session.
Gap Inc, stated that net sales for the four-week period ended August 29, 2015 reduced 3 percent to $1.20 billion contrast with net sales of $1.23 billion for the four-week period ended August 30, 2014.
On a constant currency basis, August 2015 net sales were flat contrast with last year. In calculating the net sales change on a constant currency basis, current year foreign exchange rates are applied to both current year and preceding year net sales. This is done to enhance the visibility of underlying sales trends, not taking into account the impact of foreign currency exchange rate fluctuations.
“We’re happy that Old Navy delivered another strong month of positive comps driven by a healthy back-to-school business, as we remain focused on improving product performance across our portfolio,” said Sabrina Simmons, chief financial officer, Gap Inc.
The Gap, Inc. operates as an apparel retail company worldwide. It offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brand names.
Finally, Mondelez International Inc (NASDAQ:MDLZ), ended its last trade with -1.55% loss, and closed at $42.57.
Mondelez International Inc, declared it will present at the Barclays Global Consumer Staples Conference on Thursday, Sept. 10, at 7:30 a.m. EDT. Presenting on behalf of the company will be Executive Vice President and Chief Financial Officer Brian Gladden and Executive Vice President and Chief Growth Officer Mark Clouse.
Mondelez International, Inc., through its auxiliaries, manufactures and markets snack food and beverage products worldwide. The company offers biscuits, counting cookies, crackers, and salted snacks; chocolates, and gums and candies; powdered beverages and coffee; and cheese and grocery products. Its primary brand portfolio comprises LU, Nabisco and Oreo biscuits; Cadbury, Cadbury Dairy Milk, and Milka chocolates; Trident gum; Jacobs coffee; and Tang powdered beverages.
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