Here's Why Facebook Could Spend $1 Billion on Video Content Through 2018
Facebook (NASDAQ: FB) hasn't been shy about its plans to become a video-first platform -- CEO Mark Zuckerberg said as much last year, and the company has been in a yearslong push to focus on more video content. But a new report from The Wall Street Journal says (subscription required) that the company could spend $1 billion through next year on original content for its platform.
If true, that would vastly eclipse the $50 million Facebook paid for live content videos from celebrities and other content creators last year, and would be a huge step toward Facebook becoming a go-to platform for video watching. Not all of the details are clear, and Facebook hasn't confirmed the news yet, but the potential size of this investment is worth some early analysis.
Source: Fool.com
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