Facebook pops, Zoom drops on Facebook announcing 'Rooms' video-chat competitor - Business Insider

FILE - In this April 23, 2020 file photo, members of the Vermont House of Representatives convene in a Zoom video conference for its first full parliamentary online session in Montpelier, Vt. Facebook on Friday announced "Messenger Rooms" — a video conferencing platform that allows up to 50 people to join a single room and interact with each other.

The new product offering will be a direct competitor to Zoom Video and Google Hangouts, two products that have seen a surge in demand as more people work from home during the coronavirus pandemic. News of Rooms prompted a swift 12% decline in shares of Zoom, while Facebook shares were up more than 2% in Friday afternoon trading.

Amazon Twitch will have their own version too.

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