Facebook Inc (NASDAQ:FB)
Description:
Facebook Inc (NASDAQ:FB), is an online social networking service headquartered in Menlo Park, California. The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It offers various services focused on people, marketers and developers. It offers various platforms for people to share their opinions, ideas, photos and videos, and to engage in other activities. Its products comprise Facebook, Instagram, Messenger and WhatsApp. The Facebook mobile app and Website enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Facebook Inc (NASDAQ:FB) had over 1.18 billion monthly active users as of August 2015.
Facebook Inc News Update:
Facebook Inc (NASDAQ:FB), held its initial public offering in February 2012 and began selling stock to the public three months later, reaching an original peak market capitalization of $104 billion. On July 13, 2015, Facebook became the fastest company in the Standard & Poor’s 500 Index to reach a market cap of $250 billion.
YouTube Star Casey Neistat Lost Millions of Views to Stolen Videos on Facebook
At the start of July 2014, Facebook Inc (NASDAQ:FB), announced the acquisition of LiveRail, a San Francisco, California-based online video advertising company. LiveRail’s technology facilitates the sale of video inventory across different devices.
Facebook (NASDAQ:FB) has been hitting home runs with video. And administration hasn’t been shy about sharing key figures to illustrate this success. The company said in its third-quarter conference call that there are now more than 8 billion daily video views on its platform, and more than 500 million members are watching videos daily. But one celebrity from Google’s (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube isn’t happy with the juggernaut’s methods when it comes to generating views, according to Motley Fool
YouTube’s Casey Neistat is a machine. Not only does he post a video every single day, but these videos are extremely high quality.
While the video, called “Aladdin in Real Life,” has been a big hit on YouTube, generating nearly 11 million views already, Neistat says the video has been viewed more than 20 million times via freeboot versions on Facebook. Motley Fool Report
Facebook Inc tests self-destructing messages in France
According to news report, Facebook Inc (NASDAQ:FB), is trying out a feature that lets people send self-deleting messages. CNET
If users tap an hourglass icon within the company’s mobile Messenger app, the message they send will implode an hour after it is sent, Buzzfeed first stated. Testing kicked off Friday in France.
“Disappearing messages gives people another fun option to choose from when they communicate on Messenger,” Facebook said in a statement to CNET. “We look forward to hearing people’s feedback as they give it a try.” CNET added
The move takes aim at Snapchat, the messaging app that Facebook famously failed to buy last year. After its statedly $3 billion bid for the upstart was rejected, Facebook created its own rivals, Slingshot and Poke, which never took off. CNET Report
On the other report, Facebook Messenger is taking a page out of rival Snapchat’s playbook.
With 1.5 billion users, Facebook has far more users than Snapchat, an app that allows users to send a photo or a video called “snaps” that vanish within 1 to 10 seconds.
Facebook though is still the most popular social network among that age group followed by Instagram.
Facebook Inc (NASDAQ:FB), ended its last trade with -3.77% loss, and closed at $103.93.
The company now has a market value of $293.97 billion.