Facebook Inc (NASDAQ:FB) is now turning into a public video sharing website and chances are that it will burgeon in the same direction to challenge Google Inc (NASDAQ:GOOGL)’s Youtube. Recently, many local video producers are making videos series and TV shows just to post and advertise them on Facebook Inc (NASDAQ:FB). This shows that Facebook has a massive viewership for the original content. However, Google Inc (NASDAQ:GOOGL)’s Youtube is far more popular.
An article on WSJ mentioned a new series that is coming to Facebook by a young group of Turks.
The source said that Facebook Inc (NASDAQ:FB) records more than 3 billion video views daily. Among these, 65% hits come from mobile devices. This shows that Facebook has a huge potential to grab video sharing and viewership user base which is targeted by Google Inc (NASDAQ:GOOGL)’s Youtube. The new series which is being launched by the Turks group has no intent to mine out revenue from Facebook Inc (NASDAQ:FB) with ads but it has plans to do so in the future when it has an established fan base on Facebook. However, Google Inc (NASDAQ:GOOGL)’s Youtube is a big source of ads revenue for many video producers including Young Turks.
The source added that Facebook Inc (NASDAQ:FB) is in talks with many content publishers regarding the placement of ads in the videos. Recently, ABC news and Uproxx Media Company started publishing their normal shows and videos directly on Facebook Inc (NASDAQ:FB). Google Inc (NASDAQ:GOOGL)’s Youtube has an established viewership and a pool of start so currently, there is no threat whatsoever from Facebook.
David Tepper’s Appaloosa Management Lp owns around 600,000 Google Inc (NASDAQ:GOOGL) shares.
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