Dividends and Facebook to introduce new mobile app as gaming business booms during pandemic

If you have a smart phone after making a few calls, entertainment is what you seek. Entertainment is a variety of methods but consider of the 2.5 billion Facebook monthly users, 700 million of the are engage with gaming content. Perhaps you are one of them, if you are not and that is good, you should know the global games business is worth $160 billion.

In an article by Seth Schiesel of the New York Times News Service, his discussions with Facebook noted the company was planning to introduce the app in June, but moved production up sooner. Mark Zuckerberg says gaming is entertainment that not just a form of passive consumption but entertainment that is interactive and brings people together. (if you ever went to Las Vegas – do you think gambling brought people together?)

Facebook’s app is designed largely for creating and watching live game-play, a fast growing online sector whose competition is Amazon’s Twitch; Google’s YouTube and Microsoft’s Mixer. In terms of total hours watched Facebook is behind YouTube and Twitch. The market leader is Amazon’s Twitch.

Linking to dividend paying stocks, if you are similar to me you have learnt about stool in Amazon’s revenue source – delivery of boxes with Amazon Prime; cloud computing (market leader) and Twitch. There is always things to learn, and hopefully you continue to learn during the pandemic and beyond.

There are more questions than answers, till the next time – to raising questions.

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