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Facebook's Group Chat,-Skype Supported Video Calls Take on Google+

Reported by Great Speculations: Trefis Team, Forbes
Friday, July 8, 2011
(Getty)
(Getty)
Oprah's favourite things 2014The media billionaire's list of her favourite things this year has arrived.

FaceBook’s promise of an ‘awesome’ announcement didn’t leave Facebook fans disappointed. [1] Facebook has rolled out its group chat feature and announced that a Skype enabled video chat feature will be available to everyone soon (though Facebook gives you a link if you want to use it now).

Zuckerberg also confirmed that Facebook has passed 750 million users — though Facebook doesn’t see the point in counting anymore. The timing of this announcement comes on the heels of Google’s release of Google+, which includes a Hangout feature that allows group video chat for up to 10 people. Facebook competes with Google, Yahoo, Microsoft, AOL in the text and display advertising market as well as the search advertising market.

Although Google+ is still in beta phase, many users reckon that it can be a serious FaceBook competitor and Hangout is one of the most talked about unique features of Google+. [2] Microsoft with its $240 million investment in FaceBook in 2007 and with its purchase of Skype in May can be the link between Skype and FaceBook. [3]

See details on Facebook’s own page.

We currently estimate Facebook’s intrinsic value at $45.1 billion. You can drag the trend line in the interactive chart above to see the potential impact on Facebook’s value

See our complete analysis of Facebook

Notes:

  1. Time.com: Zuckerberg to announce ‘something awesome’ []
  2. Lifehacker: Google+ Hangouts Is the Best Free Group Video Chat []
  3. Facebook and Microsoft Expand Strategic Alliance []

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21/12/2014 09:11Sydney, Australia. 21 December,2014
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