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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

(FB)
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Facebook adds cloud gaming feature to its platform

10/26/2020 | 08:12am EST
FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration

(Reuters) - Facebook Inc on Monday launched a free-to-play cloud gaming feature on its social media platform, allowing users to stream and play games like "Asphalt 9: Legends" and "WWE SuperCard" without downloading them.

"We're not spinning off a separate cloud gaming service," the company said in a blog https://about.fb.com/news/2020/10/cloud-gaming-meet-facebook-gaming post, adding that all cloud-streamed games can be played on the platform's gaming tab or News Feed.

Facebook's gaming feature is smaller in scale than premium cloud-based game streaming services like Google's Stadia, Nvidia's GeForce NOW or Amazon.com's Luna, which are competing for users in a high-growth market.

The feature will be available to Android and web users for now, Facebook said, while it was working on alternative options to launch the feature on Apple's iOS.

"Apple treats games differently and continues to exert control over a very precious resource," the company said, adding it is unsure if launching on Apple's app store is a "viable" path.

(Reporting by Ayanti Bera in Bengaluru; Editing by Arun Koyyur)


© Reuters 2020
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Financials (USD)
Sales 2020 83 587 M - -
Net income 2020 26 870 M - -
Net cash 2020 63 906 M - -
P/E ratio 2020 28,8x
Yield 2020 -
Capitalization 765 B 765 B -
EV / Sales 2020 8,38x
EV / Sales 2021 6,57x
Nbr of Employees 56 653
Free-Float 83,8%
Chart FACEBOOK INC
Duration : Period :
Facebook Inc Technical Analysis Chart | FB | US30303M1027 | MarketScreener
Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Average target price 315,73 $
Last Close Price 268,43 $
Spread / Highest target 39,7%
Spread / Average Target 17,6%
Spread / Lowest Target -55,3%
EPS Revisions
Managers
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
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