Thursday October 18, 2018
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No! Youngsters are not leaving Facebook

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New York: Young people are still quite hooked to Facebook, the media reported, refuting the popular belief that youngsters are increasingly abandoning the social media giant.

While investors and the media, in 2015, panicked that Facebook would experience a mass exodus of young people, nearly every internet-wielding millennial — those born after 1980s and now in their 30s — are still obsessively using Facebook on a regular basis, the report said.

Millennials spend more than 2.5 times as many minutes on Facebook as they do on its closest competitor Snapchat, Recode.net reported on Wednesday.

Facebook still has young people, which explains its market cap of nearly $340 billion, the report stated.

The report is based on data from comScore — an US-based Internet analytics company, which showed the percentage of 18- to 34-year-old Internet users who frequent each major social network each month. It also showed the time users spend with each service.

Nearly 100 percent of people aged 18 to 34 in US use the social network as of December 2015.

The data also revealed that Facebook users are on the site (or app), on an average for more than 1,000 minutes a month. Snapchat comes second with under 400 minutes.

Moreover, the data showed that people older than 35 love Facebook almost as much as young people do – and they don’t care about any other social networks. (IANS)

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Social Networking Giant Facebook To Develop Camera-Equipped Set-top Box For TVs

Facebook declined to comment on the subject, the report added

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Facebook
Facebook likely to launch camera-equipped hardware for TVs. Pixabay

Social networking giant Facebook is developing a camera-equipped set-top box for TVs that would support functionalities like video-calling, a media report said.

Internally codenamed “Ripley”, the device would use Artificial Intelligence (AI) to automatically detect and follow people as they move through the frame during a video call, news website Cheddar reported on Tuesday.

Apart from facilitating video-chat, the device could also help Facebook compete with the likes of Apple and Amazon in the TV-segment.

In October, the social networking major launched its smart-speakers — “Portal” — which incorporated AI technology to follow user-movements while on a video-chat amd remove unwanted background noise during a call.

Facebook
Facebook, social media. Pixabay

Priced at $199, sporting a 10-inch display, built-in Amazon Alexa support and pre-loaded with Facebook’s own “Watch” video service, the smart speakers would begin shipping in November.

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With projects like “Portal” and “Ripley” Facebook is trying to build a consumer-hardware business outside of its virtual reality brand ‘Oculus’ that was acquired by the social networking giant in March 2014 for nearly $2 billion.

Facebook declined to comment on the subject, the report added. (IANS)

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