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.

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