Facebook on Thursday launched a Messenger app for MacOS and Windows so one can video chat on their desktop and stay connected with friends and family all over the world.
Shorts will allow people to upload brief videos into a feed inside the mobile app, much like TikTok, and take advantage of licensed music that YouTube Music has in its catalog, reports The Information.
Rally continued in the Indian stock market on Tuesday afternoon as the BSE Sensex rose over 1,000 points. The Nifty50 on the National Stock Exchange (NSE) rose 300 points to trade above the 8,500 mark.
At the time of launch, WhatsApp allowed 90 seconds to three minutes of video and if the existing video is larger than 16MB if gave an option to trim the length of the video before sending it.
Google has updated its popular Duo chat app by increasing the group video user limit from 8 to 12 people into a single group call to help more people stay connected and practice social distancing.
Across all stages of the pandemic, WhatsApp is the social media app experiencing the greatest gains in usage as people look to stay connected. Overall WhatsApp has seen a 40 per cent increase in usage.
The rise in the market was in line with the gains in the Asian market. Healthy buying in finance and banking stocks also supported the domestic indices.
Indian stock markets witnessed a rally on Wednesday afternoon with the BSE Sensex rising 1,600 points. The indices gained steadily after a largely volatile trade earlier in the day.
Seventy per cent more people are using group video calls and are spending more time than usual watching Facebook and Instagram Live amid the new coronavirus pandemic.
The market movement comes a day after the Central and state governments announced wide ranging measures including lockdowns and suspension of some public transport to contain the spread of the novel coronavirus.
Gleeden which has registered a longer time spent on the website globally said it expects subscriptions to rise further in India as most parts of the country are observing lockdown till March 31.
The Sensex reclaimed the psychological mark of 30,000 points. At 1.44 p.m., it was trading at 30,326.43, higher by 2,038.20 points or 7.21 per cent from the previous close of 28,288.23.
Stock markets also plunged on Thursday as Sensex fell below the 27,000-mark and Nifty50 breached the 8,000 mark for the first time in over three years during the initial trade.
The sector-wide selloff in the Indian markets was led by heavy selling in banking and finance stocks. On the Sensex, IndusInd Bank, Bajaj Finance Aand Axis Bank were the top losers.
Facebook CEO Mark Zuckerberg has announced in an internal memo that all employees will earn at least their full bonuses for their six-month review, reports The Information.
The social networking giant worked with the United Nations Foundation and the World Health Organization to start a COVID-19 Solidarity Response Fund, where anyone can go to make a donation.
Making a significant recovery from the day's bloodbath both Sensex and Nifty rose from their intra-day lows to trade in the green. Sensex gained over 3,900 points to touch the intra-day high of 33,349.83 points.
Freefall in the Indian stock markets resumed on Friday as both Nifty50 on the National Stock Exchange and the BSE Sensex hit their lower circuit and trading was halted for the next 45 minutes.
In what appears to be the worst trading session in the Indian stock markets, the benchmark BSE Sensex fell over 3,100 points to trade below the 33,000-mark.
The mayhem in domestic stock markets deepened with the BSE Sensex falling over 2,400 points and the Nifty50 trading below 10,400 points.
On Saturday, Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to reports.
Panic gripped big tech firms like Facebook and Twitter which decided to close their offices from Seattle to London as more employees tested positive for the new coronavirus.
The benchmark Sensex advanced over 500 points during the early trade on Monday after the worst week of trade since the 2008 financial crisis.
Facebook has already cancelled 'Global Marketing Summit' in San Francisco that was scheduled from March 9-12. Over 5,000 participants were expected to attend the event.