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Facebook Is Taking On Zoom With a 50-Person Video Chat Feature

(Bloomberg) — Facebook is launching a new group video chat product meant to capitalize on a world now stuck indoors and offer an alternative to services that have exploded in popularity in recent months, like Zoom.

Messenger Rooms, a feature that will be available on Facebook’s core social network and its Messenger app, will allow video chats among as many as 50 people, and won’t require participants to have a Facebook account, the company said Friday in a blog post. Chats will be free with no time limit, and eventually users will be able to create a “room” from any of Facebook’s products, including WhatsApp and Instagram.

The goal is a group video product that feels more social, and less corporate than what’s currently available, said Facebook Chief Executive Officer Mark Zuckerberg. People in Messenger Rooms will be able to use Facebook’s augmented reality filters, or jump between chats to visit different groups of friends, an effort to create “spontaneity and serendipity,” Zuckerberg added.

“All the products [out] there were primarily focused on enterprises and we thought that there was an ability to do something in the consumer space,” the Facebook CEO said this week via video chat from his home. “It’s meant to be more casual. Not everything has to be planned out in advance.”

Video chats have become a staple given the billions of people around the world staying indoors because of the coronavirus pandemic. Zoom Video Communications Inc.’s app, aimed at companies for business meetings before the outbreak, has jumped from about 10 million users to more than 300 million in a matter of months. Zoom’s shares declined 2% after Facebook’s announcement, reversing a gain of as much as 7.3% earlier Friday.

Houseparty, owned by Epic Games Inc., which also lets users bounce between group chats, said it added 50 million new sign-ups in a 30-day stretch, as much as 70 times its normal amount in some markets.

Facebook, too, has a number of video chat products already in high demand. More than 700 million people make voice or video calls every day on Messenger or WhatsApp, Zuckerberg said, a number that has increased since the emergence of Covid-19.

The Menlo Park, California-based company started shifting product priorities last month after seeing those spikes in usage from people using its live video and calling features. The demand prompted Facebook to announce other video features this week, including the ability to save Instagram Live videos after they’re over, and start a video chat inside Facebook’s dating feature. Video chats on WhatsApp can now host eight people, twice the previous amount.

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Zuckerberg said he has learned from Zoom’s early mistakes. Facebook users who create a chat can also select participants, eject people if needed or lock the room. The company won’t watch or listen to calls, and there is no ability for users to record video chats, a spokesperson said.

The social network’s algorithms will help determine which available rooms to show users, Zuckerberg said, recognizing that not all Facebook friends are created equal.

“We all have the random uncle or someone that you added a few years ago,” he said. “Not every one of your Facebook friends is someone you want to hang out with.”

Zuckerberg said Facebook’s long-term priorities haven’t changed much. The company still is moving forward with plans to encrypt all its messaging services, and make them interoperable — meaning you’ll eventually be able to send a message from WhatsApp to a user on Instagram, for example.

The Rooms video chat feature, he said, “is probably one of the first very clear consumer services that has integration and works across each of the apps. That’s an important piece – maybe an initial milestone on the path to broader interoperability.”

Source: Facebook Is Taking On Zoom With a 50-Person Video Chat Feature

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Facebook’s Mark Zuckerberg debuts Messenger Rooms. The new video presence platform will make it possible for users to chat with up to fifty people at one time and connect to a video conference even if they don’t have a Facebook account.

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Source: Viral Reach – Set up and forget marketing for your Facebook fanpages

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Libra: Cryptocurrency By Facebook (In 5 Minutes)

 

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How many times have you faced difficulties while transferring from one person to another? Have you ever questioned why transactions are so slow? Why do I have to pay charges for the transaction?

Then this article will definitely help you to get rid of all your problems regarding transactions.

But before that let us find an answer to the question, where are we right now in the process of evolution? We are living in a world of revolutions, machines and digitization. We improved ourselves and updated technology as time passed but we still lack in offering basic financial services to everyone and satisfy them with the results.

Libra is a cryptocurrency built on blockchain technology, it is developed to improve millions of people by giving them a platform to be a part of digital currency. And to do this all you need is a mobile and data connection. It is fast, safe, and stable.

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The Libra association is a group of companies that are founding members of Libra. There are 28 companies which busily take part in the association and the strategy is to reach a total of 100 members who will act as the validators of the Libra currency.

Every institution present in this organization will get their share of the vote to make and finalize decisions regarding Libra and no individual will get higher than 1% of the total vote share.

People have different takes when it comes to trust in cryptocurrencies, one can easily trust Libra as it is backed by a reserve with constant liquid assets by combining with several other groups of exchanges and other liquidity providers. These assets stabilize the value of Libra.

The software used for developing Libra is a new programming language called Move it is used to execute and develop decentralized finance, smart contracts, and transaction logic.

To know more Libra, Click here on the infographic designed by Mrbtc.org

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When Facebook first announced it was getting into the crypto business—with a basically unregulated currency called Libra—the reaction from Wall Street and government bankers was about as expected. Fast-foward a few months, and Libra is in trouble. The social media giant had lined up a long list of corporate backers for the initiative, including major players in the payments space. And in October 2019, several prominent backers began to back out. Here’s how Facebook’s crypto future got into serious trouble. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC Why Facebook’s Libra Cryptocurrency Is In Trouble

Facebook’s Libra Is Already Ahead Of Ethereum, Litecoin, And Ripple’s XRP–But Not Bitcoin

Image result for facebook libra

Bitcoin has been around for a little over a decade, while its biggest competitors ethereum, litecoin, and Ripple’s XRP have been knocking around for between seven and four years—but all save bitcoin are already being eclipsed by Facebook’s yet-to-launch libra cryptocurrency.

The bitcoin price has surged over recent months as interest surrounding social media giant Facebook’s planned libra project reached fever-pitch but has swung wildly as global regulators poured cold water on Facebook’s ambitions.

Now, a new survey has found there is “substantial” public interest in Facebook’s potential bitcoin rival, despite a lack of trust in the company, with people already more familiar with it than ethereum, litecoin and Ripple’s XRP.

bitcoin, bitcoin price, ethereum, ethereum price, Litecoin, Ripple, XRP, Facebook, Libra, image

Facebook founder and chief executive Mark Zuckerberg might have his work cut out to convince U.S. and global regulators of libra’s potential, but the general public might already be on board.

Bitcoin and Facebook’s libra were given an awareness boost by U.S. president Donald Trump last week when he tweeted his opposition to both technologies but he may have inadvertently introduced the idea of bitcoin and cryptocurrencies to a whole new audience.

New research, carried out by U.S. brokerage eToro, has found that while 58% of the U.S. adults have heard of bitcoin, the first and largest cryptocurrency, Facebook’s libra is already known by 16% of people—just a month after it was unveiled.

Ethereum, the second-largest cryptocurrency, has achieved only 12% recognition since it went live in July 2015 and it can be assumed that smaller cryptocurrencies litecoin and Ripple’s XRP are still less well known.

“We believe that crypto and the blockchain technology that underpins it will be essential to tomorrow’s economy,” said Guy Hirsch, U.S. managing director of eToro. “By introducing the concept to a new audience, libra could play a vital role in the evolution of decentralized and more democratized finance.”

bitcoin, bitcoin price, ethereum, ethereum price, litecoin, ripple, xrp, facebook, libra, chart

The bitcoin price has been climbing so far this year, largely due to interest in cryptocurrencies from Facebook and the world’s biggest tech companies.

Meanwhile, the survey suggests that people may not be willing to trust Facebook to correctly manage payments, perhaps due to its on-going data-sharing scandal.

A little over half (54%) of respondents, out of some 600, expressed doubts over Facebook’s management of their personal data but only 17% indicated they would be willing to trust Facebook with their money the same way they trust their banks.

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I am a journalist with significant experience covering technology, finance, economics, and business around the world.

Source: Facebook’s Libra Is Already Ahead Of Ethereum, Litecoin, And Ripple’s XRP–But Not Bitcoin

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