Due to crown epidemic the stocks of tech giant players in the market had been falling over the past months. Facebook was no exception also.
This year, the company’s stock has seen both ups and downs, starting at $220 and decreasing up to $146.01. Companies has no alternatives but working harder on new products and services and on improving the existing ones.
Currently the company is ready to launch their new product that can compete Google, Microsoft and Amazon gaming streaming platforms. Facebook was scheduling the official launch of its app for June, but due to crown pandemic experts have decided that the best time is now. With interest in gaming industry continued growth, and the current increase in streaming because majority of people are confined at home during the pandemic, it seems like a strategic move.
Users in India and a few other Southeast Asian and Latin American countries already can try the app, as well as Android users. The version on IOS will be available in the nearest future.
To compare with their competition the Google project YouTube is one of the most popular online video-sharing platforms that allows users to upload, view, rate, share, add to playlists, report, comment on videos, and subscribe to other users. Three former PayPal employees—Chad Hurley, Steve Chen, and Jawed Karim—created the service in February 2005, then Google bought it in November 2006; YouTube now operates as one of Google's subsidiaries and has the prevalent dominance over other platforms.
Amazon project Twitch is video live streaming service operated by Twitch Interactive, a subsidiary of Amazon, platform broadcasting gaming streams, eSports competitions, in addition to music broadcasts, creative content, and more recently, "in real life" streams. As of May 2018, Twitch had over 27,000 partner channels.
Microsoft project Mixer is a Seattle-based video game live streaming platform. The service was acquired by Microsoft in August 2016 and began to be integrated into Microsoft's Xbox division.
Facebook is preparing their first product for video game industry. It will be focused on watching and making game live streams, with function “Go Live”.
According to Fidji Simo, who is in charge of the app, investing in gaming industry was a priority for Facebook as it connects people and communities, brings them together.
Besides, Facebook Gaming has been making incredible talent acquisitions to boost their market share in the livestreaming space, by adding Ronda Rousey, a very mainstream celebrity who is very interest in gaming industry.
This was a brief review for new gaming app from Facebook. Facebook has different advantages, the current demand, huge user base — more than 2.5 billion people use Facebook every month, growing increase in views for streaming content, so it seems like the project has a future! What do you think? Feel free to share your experience in the comments below! If you have your question, please write it below, I would be glad to answer your questions or to introduce your project to my team at Astorts Group to be evaluated.
Alessandro Rocco Pietrocola is an entrepreneur and investor based in London and operating mainly in Europe, Asia and Oceania with main focus on UK, Baltic Countries, Russia, China, Hong Kong, Malaysia, Singapore, Middle East and New Zealand as area of interest! At the moment is the Ceo of Astorts Group. He is an UK FCA (Financial Conduct Authority) Approved Person and is has great experience as director of regulated companies. He uses to dedicate part of his life to inspire others and help them achieve the most out of their life. Since he was 20, he had successfully founded and managed several companies operating in the field of management consulting, wealth management and fintech. He loves travelling, he is a cigars lover, an amateur golfer and a dapper man.