Is There a Place for Facebook in This Market? [The Motley Fool]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: The Motley Fool
Is There a Place for Facebook in This Market? The social media giant is reportedly planning an internet-based video player as part of its line of Portal products. Facebook ( NASDAQ:FB ) is looking to challenge Roku ( NASDAQ:ROKU ) , Amazon ( NASDAQ:AMZN ) , and others in the streaming hardware space, according to a recent report from The Information . Facebook's take on the streaming box would include some of the same hardware features that define the company's Portal products -- namely, a camera and videoconferencing technology. Amazon has combined different features -- like Alexa-powered voice control -- into its Fire TV products, but a videoconferencing/OTT (over-the-top or internet-based video) player mashup is unusual. And Facebook's hardware will be entering a space that already has some relatively established players. Is there room for a Portal OTT device? Facebook's reported move into the OTT streaming hardware market is unusual in part because it builds on a facet of Face
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