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Making Most Of Lockdowns, Facebook Gaming Launches Earlier Than Planned – Yahoo Finance

according to The New York Times.’ data-reactid=”22″>The free app, which was scheduled for launch in June, was released earlier to provide an alternative outlet for 700 million of the 2.5 billion Facebook users already engaged in gaming content, according to The New York Times.

See Also: With Live Sports On Hold, Esports Continue Stepping Up To The Plate‘ data-reactid=”24″>See Also: With Live Sports On Hold, Esports Continue Stepping Up To The Plate

Why It Matters

“We’re seeing a big rise in gaming during [the] quarantine,” said Fidji Simo, Head of Facebook App. According to the Times, the gaming business is booming and is currently valued at $160 billion.

Activision Blizzard Inc.’s (NASDAQ: ATVI) Hearthstone, and former world no. 1  professional player of Nintendo Co., Ltd’s (OTC: NTDOY) Super Smash Bros, Gonzalo “ZeRo” Barrios. Both streamers were formerly on Twitch.’ data-reactid=”28″>Facebook has had some success in attracting streamers to its gaming platform, according to Esports Observer. It offered exclusive contracts to Jeremy “Disguised Toast” Wang, a top streamer of Activision Blizzard Inc.’s (NASDAQ: ATVI) Hearthstone, and former world no. 1  professional player of Nintendo Co., Ltd’s (OTC: NTDOY) Super Smash Bros, Gonzalo “ZeRo” Barrios. Both streamers were formerly on Twitch.

The social media giant has also signed a streaming deal with former UFC fighter Ronda Rousey.

What Else Is There

Spurred by a 100% increase in audio and video calling, this month Facebook also launched a desktop app for Messenger on both iOS and Windows platforms.

Facebook shares closed the regular session 0.56% lower at $178.24.

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