FB Stock Gets a Lift from Video Expansion
Like a lot of companies in Silicon Valley, Facebook Inc (NASDAQ:FB) is throwing money at Hollywood development studios in order to create original content. These Facebook TV shows will be scripted and delivered in episodes, much like those on traditional TV.
This puts Facebook in direct competition for TV advertising dollars.
That is the whole game plan for Facebook. Get users, keep users engaged, sell them to advertisers. In order to keep Facebook stock growing, Facebook needs more advertisers to.
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