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Facebook Inc (NASDAQ:FB) Wants To Pull Reporters Off Twitter Inc (NYSE:TWTR)

Facebook Inc, Netflix Inc are still a buy despite market

Facebook Inc is trying to make the latest and most recent news available on its platforms, especially for the reporters, so that they can surface and follow news, and at the same time keep a track of users’ reactions, photos, and videos related to news, sports and entertainment. For enabling reporters to do all this, and pull reporters away from Twitter Inc , it has created a free news-gathering tool called Signal.

Facebook Inc, Netflix Inc are still a buy despite market

Attracting reporters

Journalists are always required to keep a track of what’s going around them and in other parts of the world. These days, tracking has become easier owing to the availability of several sources such as Twitter , live-streams, 24-hour television news and text messages that provide uninterrupted access to the latest news. But the issue is with the numerous ways to track stories, the number of stories is also growing, says Wired.

Facebook Inc has provided a solution to this problem with Signal. Andy Mitchell, the director of news and global media partnerships at the firm said, “Social news gathering has been happening for a while. Given the scale of Facebook, there clearly is a wealth of content available, so we wanted to build a tool to make it easier for journalists to discover new content that’s shared.”

Signal offers a dashboard allowing reporters to follow trending and emerging topics, track chatter around public figures on a leader board, and search to find public chats, photos, or videos. By making use of hashtag or location, the reporters can seek out stories and sources of their interest on both the platforms – Facebook and Instagram. Any journalist, from local bloggers to national TV anchors, who request access will get it starting today, the firm said.

Twitter bigger than Facebook?

 What’s interesting to note is the new tool from Facebook comes after the comments from Twitter CFO Anthony Noto, that the firm is bigger than Facebook.

Speaking at Deutsche Bank AG conference in Las Vegas, Noto said “depending how you look at it,” Twitter’s user base exceeds that of Facebook’s 1.49bn users. If we consider users who view tweets without actually logging in to the micro-blogging site and the ones who make use of search engines or news sites and TV for viewing tweets, then Twitter  has more users than Facebook, Noto said.

“We have other audience numbers that no one talks about. If you add them up, it’s a big number. In fact, in some scenarios, you could argue that it’s bigger,” Noto said.

On Thursday, Facebook Inc shares closed up 0.95% at $94.34. Year to date, the stock is up over 19% while, in the last one-year, they are up almost 22%.

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Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.

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