During Tuesday’s Afternoon trade, Shares of Facebook Inc (NASDAQ:FB), dropped -1.51% to $92.58.
Facebook Inc updated its News Feed feature on Tuesday so that content loads quickly even with weak Internet connections. According to Reuters
Many of Facebook’s users are in emerging markets with weak 2G connections, such as India, Brazil and Mexico, where it is difficult to load pictures and videos that use more data. The update is part of an effort by Facebook to get more users in these countries as it has largely saturated the U.S. and western European markets.
The Facebook app is able to select articles, pictures and videos to load based on the strength of users’ connections. If they have weak connectivity, News Feed will select content that is easier and faster to load, such as text articles or posts. Reuters Report
“News Feed is a product you tend to want to check regularly throughout the day, and that’s not possible when it’s slow to load,” Alison said. Reuters
On the other hand, Facebook Inc. FB has partnered with France-based Eutelsat Communications to launch a satellite that would beam Internet in sub-Saharan African regions. The satellite, AMOS-6, is being developed by Israel-based Spacecom and is predictable to be ready for launch in 2016 through SpaceX’s Falcon 9 rocket. According to Zacks
Africa has been facing challenges because of low Internet penetration. Facebook, though resolving problems of Internet access, will still have to overcome other hurdles like lack of awareness regarding social media platforms and unavailability of smartphones in the near term. Additionally, costs for providing free Internet will also weigh on the company’s financials, until noteworthy market expansion takes place.
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.
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