Saturday , November 2 2024
Home / FB Stock Down 0.4% as Facebook Looks to Test New Live Commentary App Venue

FB Stock Down 0.4% as Facebook Looks to Test New Live Commentary App Venue

Summary:
Social media giant Facebook is launching a new app dubbed Venue to serve as a second screen companion for live event commentary. The app will be tested with NASCAR’S Annual Food City Race on Sunday.Facebook Inc (NASDAQ: FB) is set to give the social media world a new option to Twitter Inc (NYSE: TWTR) live commentary feature with the launch of Venue. It will serve as a new live commentary app to cover real-time events. The announcement is made at a time when the United State’s President Donald Trump is waging war against mainstream social media.The announcement of Venue gave no advantage to Facebook (FB) stock which plummeted by about 0.38% on Friday. At the moment of writing, FB stock is trading at 4.60.Venue comes off as the third app launched by the Facebook Research and Development

Topics:
<title> considers the following as important:

This could be interesting, too:

Bitcoin Schweiz News writes 0x-Protokoll erklärt: Die Schlüsseltechnologie für dezentralen Austausch

Bitcoin Schweiz News writes Lugano Plan B 2025: Early Bird Tickets für nur 99 Euro

Ailleurs writes Bull Bitcoin : Discussion avec Louis Alexandre De Froissard

Wayne Jones writes dYdX CEO Declares 35% Workforce Reduction

Social media giant Facebook is launching a new app dubbed Venue to serve as a second screen companion for live event commentary. The app will be tested with NASCAR’S Annual Food City Race on Sunday.

Facebook Inc (NASDAQ: FB) is set to give the social media world a new option to Twitter Inc (NYSE: TWTR) live commentary feature with the launch of Venue. It will serve as a new live commentary app to cover real-time events. The announcement is made at a time when the United State’s President Donald Trump is waging war against mainstream social media.

The announcement of Venue gave no advantage to Facebook (FB) stock which plummeted by about 0.38% on Friday. At the moment of writing, FB stock is trading at $224.60.

Venue comes off as the third app launched by the Facebook Research and Development team in the culture of rolling out impressive user-engaging features.

Features of Facebook Venue

The app developed by the NPE Team will serve as a real-time companion for live events. While the app will offer a great user interface, it will restrict commentaries for live events to renowned commentators, journalists, and pundits who will make room for the general audience to participate in polls and make specific comments.

The Venue innovation is not built primarily as a fan commentary tool. This feature dis-aligns with Twitter screen sharing option for live events which gives every user an unrestricted room to comment on live events. With Venue, users do not need to stay glued to their phones as notifications are sent when a new “moment” is available on the app.

Inaugural Test with NASCAR Race

The launching of Venue will be tested with NASCAR’S Food City 500 race on Sunday, the 31st of May, 2020. The NASCAR race is an annual cup series organized by Bristol Motor Speedway in Bristol City, Tennessee. The race covers a 500-lap which runs approximately 266.5 mi (428.890 km). The race has become a very popular annual event in the entertainment industry and sets a good foundation for FB Venue to be explored. The race will be hosted in-app by popular social media personality nascarcasm.

Facebook Role in Emerging Social Media Innovations

Facebook has a large number of audiences visiting its websites and its social media channels including Instagram and Whatsapp. With over 2.6 Billion users credited to FB, the organization is tasked with the responsibility of introducing new products/channels to keep their wide audience intrigued. It will be easy to lose relevance to competitors like Twitter in the social media world if it does not keep updating new trends worth following.

Business News, Market News, News, Social Media, Stocks
Benjamin Godfrey
Author: Benjamin Godfrey

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *