Facebook's Move Into Original Content Shows Just How Saturated the Space Is
Original TV shows on Facebook?
Facebook (FB) - Get Report is reportedly looking to air original television programming on its platform, according to The Wall Street Journal.
Kenny Polcari, director of equities at O'Neil Securities said the space is becoming saturated, as Amazon (AMZN) - Get Report and Netflix (NFLX) - Get Report are already knee deep in the content space.
Plus, Apple (AAPL) - Get Report recently hired executives from Sony to run its video programming division.
More From TheStreet:
- This Is Why It's Just So Hard to Bet Against Apple
- Dan Loeb's Stake in Nestle Reveals a Whole Lot About Europe
- No Healthcare Reform Could Spark a Pullback in Stocks
