iPhone Users Rejoiced Facebook Opens Option Of Live-Stream On iOS based Handsets.
The social networking giant explores new ways for greater income after declaring better than expected earnings.
Just a couple of days ago, Facebook attracted investors by it’s strong quarterly profit of over a billion. The social networking giant is not too far away to create its monopoly. Recently, the titan opened up its live-video streaming option to every consumer of iOS based iPhones. The company introduced the format similar to Twitter’s Periscope app last August. Initially, the live streaming option was available to few VIP accounts but from now on every iPhone user across US can avail the latest option.
On Wednesday, the company reported that 100 million hours are consumed on the videos posted on Facebook. By enabling the video-streaming to every iPhone user the figure is expected to double. Moreover, the waiting period for Android users can be narrow too. If the video option becomes available on all formats then it can overshadow Twitter’s Periscope. Twitter Inc. has recently closed a deal with GoPro Inc. to enable the live streaming on the app through GoPro’s cameras. However, Facebook plans to sabotage Twitter don’t seem to end.
The most used app has a strong user base. Everybody will make most of the feature which is as easy as updating a status. The users can show the videos to a “selective audience too”. The precious moments are saved on the timeline and are just a click away –and that’s a gold mine for Facebook. With the recent introduction of Sports Stadium, the live streaming option will be more popular and have high demand. Who wouldn’t like to post a celebration to all friends on board?
The Silicon-Valley business views the new option as advertisers’ attracter. More than 90% of the company’s revenue comes from ads and from the new feature that company can attract a lot of users which is golden hen for the advertisers.
Also, according to Wall Street Journal, the company is about to wind down its newly acquired business, Parse which is a tool for developing mobile apps. The company bought it for $85 million in cash and stock in 2013. The Facebook’s spokesperson told on Thursday that the social networking giant looks forward to dedicate more resources to high-impact products and services in areas like discovery, monetization, authentication, and analytics. Moreover, after generating hefty revenue from advertising, the company plans to focus on more ways to increase the revenue and with the new feature analysts and investors expect higher revenues from the Californian tech giant.
Subsequent to the news, the company’s stock has got up to $109.11. The Facebook Inc. stock has a 52 week price range of $72 to $110.65. After its impressive results on Wednesday market, 32 out of 33 analysts rate the stock as “Buy.” The stock has a price target of $155.