Facebook Pops on Price Upgrade, Following PlayGiga Acquisition

Must Read

Superstitions across different countries – An Overview

Some believe that a superstition is anything that people believe that is based on myth, magic, or irrational thoughts. They are beliefs that are steeped in lore or tradition, and it is usually difficult to pinpoint the exact origin. Here is a brief compilation of Superstitions which are prevalent across different countries.

1.5 Million Engineers Pass Out In India Every Year, Fewer Getting Hired [Trends]

Engineering colleges have been springing up like wild mushrooms in India in the last few years. Their number has...

World’s Most Popular Ad Slogans: A Brief List To Inspire With !

Advertisement plays an important role for companies as well as consumers world wide. It gives a seller an opportunity...
Aarzu Khan
A full-time data scientists and a part-time industry analyst; still learning power of effective presentation and firm believer of the thought "Numbers are always magical". Love to be in the network of people who 'know' how to respect their time and keep others engaged in meaningful activities.

Facebook shares surged in late December following an upgrade by Deutsche Bank. The company lifted its price target for the social media giant to $270 per share from $260 per share which is a 36% increase from the levels made before the call. Deutsche Bank is pointing to continued demand for the Facebook app as well as a revamped news feed as the sources of the higher price target. The upgrade follows a new acquisition as Facebook continues to advance in the gaming space. Facebook is also at the centre of many political issues and how to handle advertisements.

Facebook Acquires PlayGiga

The upgrade in Facebook shares comes a day after the company announced that it would purchase the Spanish cloud gaming company PlayGiga, which previously offered its services across Italy, Argentina, Chile, and Spain. Sources say the is valued at around $78 million. Facebook confirmed the reports in a tweet. The move into the cloud gaming space comes as the market is growing thanks to the entry of some big new players, which include Google which launched its Stadia service, while Microsoft is previewing its own xCloud platform ahead of its official launch in 2020. 

Facebook is a smaller player in the cloud gaming space according to reports. PlayGiga is a far smaller cloud gaming company, but prior to the acquisition, it had plans to expand. PlayGiga’s publisher relationships and streaming technology would make it much easier for Facebook to leverage its acquisition and create its own cloud gaming vertical.

Advertisements

Facebook is a juggernaut when it comes to popular apps. In fact, it owns the 4-most downloaded apps of the decade which is scheduled to end on December 31. The apps include Facebook, Facebook Messenger, WhatsApp and Instagram according to App Annie an app download tracker.

Political Divide About to Heat Up

Facebook is at the centre of issues related to political adds. The company has attempted to stay out of determining what is allow and what is not as it pertains to politics. Senior leadership at the company is increasingly divided over how to address criticism of the company’s effect on US politics, with board member and billionaire investor Peter Thiel advising CEO Mark Zuckerberg not to bow to public pressure.

According to the Wall Street Journal, Mr. Thiel has argued that Facebook should stick to its controversial decision to continue accepting them and to not fact-check those from politicians. The term “fake news” has made the rounds since the 2016 election, politicians have been generating advertising that might not be 100% true.  However, some directors and executives are pushing for changes to the policy, including possibly banning political ads altogether. The Trump administration used Facebook as one of its main advertising sources during the 2016 Presidential elections. Ahead of the 2020 election, Facebook is facing continued pressures to change its policy. Facebook officials have vowed to fix the litany of problems confronting the company, but there is disagreement among the leadership over how to tackle its political issues.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

India the 3rd Worst Economically Affected Nation by Internet Shutdowns in 2019: Report

2019 saw an increasing awareness about internet shutdowns in the Indian population due to unprecedented first-hand experience...

Amazon and Flipkart Under The Lens Of Indian Authorities For Competition Squashing Activities!

The ongoing tug of war between Offline and Online retailers in India seems to be far from over. On Monday, the Competition...

Constant Internet Suspensions In India Affecting Online Transactions and Economy Adversely

In the wake of the highly controversial and prejudiced Citizenship Amendment Act and other related legal developments such as the NRC, IT...

The Current Generation Require Technology In Class To Make The Most Of Future Opportunities

Technology is the current drive for everything. It has influenced all aspects of life, including cultures. It affects the way we live,...

Reliance Jio Offers Free Calls Over WiFi: Activate It Now

Following Airtel’s launch of VoWiFi calling in December 2019, Jio has now started rolling out VoWiFi calling, as well.

UPI Scam: A Man Loses Rs. 1.01 Lakhs While Using Paytm and Google Pay

Facebook finds it itself in the middle of its first scam of the new decade and the catalyst seems to be its...

In-Depth: Dprime

YouTube Should Have Bid Adieu To Dislike Button Much Earlier?

Online video sharing platform YouTube can be a ruthless place for content creators targeted by 'dislike mobs'. And the site owners totally understand that...

Facebook Has Pulled Off A Masterstroke By Integrating Its ‘Family Of Apps’?

It’s indeed hard to believe that ONE man sitting at Menlo Park, oversees how nearly a third of the world’s population interacts with each...

Facebook’s Crunch Conquest: By Relying Largely On The US Market, Is Facebook Running a Risk?

Two billion! That's Facebook, Inc. (NASDAQ: FB) for you - Right when you thought that this social-media giant has already connected the entire world, it's...

More Articles Like This