Facebook (FB) Takes Aim at Twitter (TWTR) with Latest Sports Initiative

Twitter (NYSE: TWTR) shares are on watch following news that Facebook (Nasdaq: FB) is launching a real-time sports program.

According to Reuters, the platform, named Facebook Sports Stadium, will offer real-time updates on games, expert commentary, and statistics.

Twitter has been known for breaking, real-time updates on news and sports, so this might be an effort to take some of that market share.

Shares of Twitter and Facebook are both positive on the session.

You May Also Be Interested In

• PreveCeutical closes second tranche of private placement for $245,000
• Red White & Bloom subsidiary completes Ayurcann acquisition
• Ingredion to acquire Tate & Lyle for $5 billion in all-cash deal