Top Hedge Fund News, Member Posts, Hedge Fund Daily Indices and more!

3yrs ago Hedge Fund dealbreaker Views: 540

Zuck doing Zuck things

The Opening Bell is powered by The Water Coolest. You can sign up for TWC's full, daily email newsletter here. In the meantime, check out one of the features from today's editi The post appeared first on dealbreaker..

IF YOU'RE NOT FIRST, YOU'RE FACEBOOK

Facebook is back to its old ways… stealing ideas from more innovative startups. *cough* Snapchat *cough*

This time FB is throwing its hat into the video chat ring... again. In an effort to help users make the most of the coronavirus lockdown, the ‘book released a new suite of offerings to help users connect. But the one causing the biggest buzz is its Messenger Rooms video chat platform.

Not its first rodeo

Facebook has tried its hand at video chat before through Messenger. Previously, users could video call one another on a level rivaling FaceTime, Skype, and whatever Google is up to. But it didn’t quite catch on because no one trusts Facebook with their private messages, let alone what some freaks are doing over video.

Now, with Messenger Rooms, up to 50 participants can join a call without even selling their souls for a Facebook account. Participants can also play with virtual backgrounds, and if Facebook’s regular user base is any sort of indication, there will be plenty of backgrounds featuring memes that were on Reddit a month before.

Following the leader

Facebook has clearly seen the success Zoom’s had. Since the beginning of the year, Zoom’s seen its shares, well, zoom, to a 130% premium. Its $44B market cap is also higher than nearly three-quarters of S&P 500 companies.

Given the company’s success, it’s no wonder Facebook wanted to mirror its functionality.

Cooler Commentary

If history is to be learned from, it’s only a matter of time before Facebook buys Zoom. Facebook, after buying Instagram, was quick to have the app known for dog videos and fitspo porn adapt the stories feature to keep up with Snapchat.

It also built out its Messenger platform shortly before buying up Whatsapp, so clearly Facebook knows best that if you can’t beat ‘em, buy ‘em.

Despite the massive surge to open the year, Facebook’s entrance into the fight sent Zoom shares down 6.1%. That, and the endless security breaches that Zoom’s made the news with over the last few weeks. 

Zoom’s Good Week Ends on Sour Note After Facebook Crashes Party [Bloomberg]

But wait, there's more. The above is just one feature that appears in today's edition of The Water Coolest's daily email newsletter. Sign up now to get the latest news and commentary delivered to your inbox every weekday at 6 AM EST.


Today's Hedge Fund Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.