Facebook Aims Portal Video Chat Devices to Compete with Skype and Zoom

In Facebook, Inc.’s (NASDAQ: FB) latest gadget, Portal Video Chat will be geared towards the business environment.  The video conference market is currently dominated by Microsoft’s Skype, Cisco Webex and Zoom Video Communications. 

Facebook announced that its communication service for companies, Workplace will be utilized with Portal devices.  Portal devices were previously only marketed towards consumers but may utilize it in the office to make video calls.  “Even with the first generation of the device, we started seeing a lot of people asking to be able to call in to work calls,” Karandeep Anand, Facebook’s head of Workplace, told CNBC.

Workplace was launched initially towards the end of 2016 as a communications tool for the work place.  The communications service has over 3 million paid users that include Petco and Nestle.  Portal was available late 2018 as a video chat gadget that can also play music.  Previously, Facebook announced the second generation of Portal devices in September. 

Anand stated that Workplace is focused on reaching users than increasing revenue.  “That has not been the driving force for the team,” he said. “It’s been to bring these important work tools to hundreds of millions of people, but my personal aspiration is that we build tools for 1 billion people.”

4 Comments
  1. Melvin Rosario 2 weeks ago
    Reply

    $FB TESTING 100 MA & interestingly this is also 200 MA in Daily

  2. Corey Palmer 2 weeks ago
    Reply

    $fb got the choppiest rally i’ve seen lol.
    ascending triangle was at work.

    178.12 to 180.30.
    see if 179.34 holds into close.

    • Randy Frederick 2 weeks ago
      Reply

      Interest is building in Twitter $twtr as earnings date of October 24th fast approaches. Since turning a profit and with a p/e of 13 Twitter has unlikely become a value stock with accelerated growth potential. Facebooks $fb p/e is 30 btw. #stocks #stocktowatch #earnings #twitter

  3. Bernie Gartenlaub 2 weeks ago
    Reply

    $FB has potential, just need a 181 or higher close and it could rocket

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