Facebook linked to photo-sharing app released in China

Buz Investors Snapchat vs. Facebook Shares of Facebook Inc <span data-recalc-dims=(NASDAQ:FB) have more than tripled since the company held its initial public offering (IPO) in 2012. An explosion in profits, not to mention a corresponding rise in Facebook user growth, kept the stock on an upward track." width="300" height="200" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/02/Social-Media-300x200-Small.jpg?resize=300%2C200&ssl=1 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/02/Social-Media-300x200-Small.jpg?w=720&ssl=1 720w" sizes="(max-width: 300px) 100vw, 300px" />

Facebook (FB+0.4%) is reportedly in China (where its apps are blocked) with a photo-sharing app, via roundabout means.

The company approved the debut this spring of an app called Colorful Balloons, released through local company Youge Internet Technology in what would be an unprecedented coup.

The app shares look, function and feel with Facebook’s Moments app, and the executive director of that company was photographed in a meeting between Facebook and China’s government. But Colorful Balloons doesn’t show any hint that it’s affiliated with Facebook.




 

Facebook

READ  Facebook Inc: Why FB Stock Is Going Up
READ  AUDUSD Australian Dollar little changed after China Manufacturing PMI
READ  China lodges complaint after Trump phone call with Taiwan’s president

The app will give Facebook a rare chance to see how users in China operate and share on social media platforms, knowledge that’s hard to come by for Silicon Valley giants amid ongoing Internet censorship.

Like up on FACEBOOK




Market quotes are powered by
TradingView.com



Tech Stocks ( GOOG)   (MSFT ) ( AAPL ) (BBRY ) ( gopro )  ( WDC )



Click here for reuse options!
Copyright 2017 Investors Buz

Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

Leave a Reply

Create Account



Log In Your Account