Facebook Inc (FB) Watch Is Going Global, But Will Anyone Care?

NASDAQ: FB | Facebook, Inc. - Class A Common Stock News, Ratings, and Charts

FB – Facebook Watch will be available around the world next week.

Facebook Inc (NASDAQ:FB) has high hopes for its video on demand (VOD) platform, dubbed Facebook Watch.

The social networking  behemoth has invested quite a bit in original programming, news shows, and live sports — and that budget is set to expand significantly in coming years. Starting Wednesday, international users will also be able to access the platform, but as MarketWatch points out, people still aren’t really aware that it exists:

Despite the global rollout and Facebook’s up-to-$1 billion investment in the platform, half of adult Facebook users don’t even know Watch exists, according to data gathered by The Diffusion Group.

The firm surveyed 1,632 adult Facebook users in mid-2018 about their awareness and use of the VOD platform. Fifty percent said they had never heard of Watch, while 24% said they had heard of the service, but had never used it. Five percent said they had used Watch, but not recently.

Only 6% said they use Watch every day, and 8% use it on a weekly basis. Those aren’t great numbers, and Watch’s future may just depend on international markets embracing it in a way that the U.S. hasn’t.

Facebook Inc shares closed at $163.04 on Friday, up $0.51 (+0.31%). Year-to-date, FB has declined -7.61%, versus a 8.69% rise in the benchmark S&P 500 index during the same period.

FB currently has a StockNews.com POWR Rating of C (Neutral), and is ranked #22 of 53 stocks in the Internet category.

9 "Must Own" Growth Stocks For 2019

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

Top Stories on StockNews.com

NYSE: DIS | Walt Disney Company (The) Common Stock News, Ratings, and Charts

Disney's (DIS) new live-action film, Aladdin, expected to make $80 million this weekend

The live-action “Aladdin” film starring Will Smith is expected to lead the box office over the Memorial Day holiday weekend.
NYSE: SQ | Square, Inc. Class A Common Stock News, Ratings, and Charts

Is Square (SQ) stock a good buy at this price level?

SQ stock now trades for just $65.
NYSE: F | Ford Motor Company Common Stock News, Ratings, and Charts

Is it possible Ford (F) would buy Tesla (TSLA)

Making a deal work would be a challenge.
NASDAQ: CVCO | Cavco Industries, Inc. News, Ratings, and Charts

Best & Worst Performing Stock Industries for May 24, 2019

Led by ticker CVCO, "Homebuilders" was our best performing stock industry of the day, with a 2.60% gain.
NYSE: EMES | Emerge Energy Services LP Common Units representing Limited Partner Interests News, Ratings, and Charts

Best & Worst Performing Small Cap Stocks for May 24, 2019

EMES leads the way today as the best performing small cap stock, closing up 76.47%.

Read More Stories

More Facebook, Inc. - Class A Common Stock (FB) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All FB News
Page generated in 1.0815 seconds.