We watch a lot of video on Facebook. That's according to the social network's latest figure, divulged during its Q4 2015 financials today, that users watch 100 million hours of video on Facebook per day.
To that end, CEO Mark Zuckerberg said Facebook is exploring "ways to give people a dedicated place on Facebook when they just want to watch videos," what could perhaps be a direct competitor to YouTube. This dedicated space has been discussed by Facebook before, but perhaps the firm is close to unleashing it to the wild.
Of the company's users, 500 million are viewing video everyday. The company has developed 360-degree video and it's worked to connect people with more videos they may be interested in watching. It's clearly an area Facebook is keen to keep growing, and we're sure to see more features around video as well as bigger viewing numbers as the year goes on.
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