UPDATE 1-Facebook enters the videoconferencing fray with Messenger Rooms [Reuters]
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Source: Reuters
Facebook enters the videoconferencing fray with Messenger Rooms SAN FRANCISCO (Reuters) - Facebook Inc ( FB.O ) introduced a videoconferencing tool and expanded livestreaming features on Friday, capitalizing on a surge in demand for video chats during the coronavirus pandemic while taking its first steps toward a planned integration of messaging products across its apps. The videoconferencing tool, Messenger Rooms, will enable as many as 50 people to participate in a call, the company said in a statement. It will display a tiled layout of participant videos - up to 16 on desktop and 8 on mobile - resembling the design offered by competitor Zoom ( ZM.O ). Zoom’s share price sank 3.7% from the day prior to about $163 in the minutes following the announcement, after hitting a record high of $181.50 earlier in the day. The move in Facebook’s shares was less dramatic, up 2.4% from the previous day to $189.51. Facebook users will be able to share links enabling non-users to join Rooms v
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