Facebook (FB - Free Report) recently rolled out its video streaming service, Watch, globally, a year after launching the same in the United States.
Facebook Watch is a special section on the social media giant’s platform that focuses on video content like entertainment, news and sports among others. Notably, it offers a range of shows that users can choose from.
Additionally, Watch creates a personalized feed for each user and offers a watch list of a collection of videos from Facebook pages, which a user follows. Moreover, the feature also allows users to save videos and watch later.
The new feature launched by Facebook is definitely a move to tap the fast growing streaming market, which is currently dominated by the likes of Netflix (NFLX - Free Report) , Alphabet’s (GOOGL - Free Report) YouTube and Amazon Prime.
Moreover, the company, which has a huge user base of 2.2 billion, is also trying to monetize group viewing activity, which is expected to drive engagement levels and attract ad dollars.
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