According to some new reports, Facebook is going to start a music streaming service just to rival Spotify.
Facebook has grown so big that Mark Zuckerberg’s company isn’t satisfied with being simply a social networking giant. Now it wants to get in the music biz and rival Spotify for the top spot of the number one music streaming service.
A number of music streaming providers such as the brand new Apple Music, Spotify, Google Play and so on are currently competing over world dominance – or at least over who gets to play more music for us, the mere mortals. And now, according to some reports, Facebook is also about to join the battle. The reports state that even though the company is on its way to testing out their brand new ad-supported video streaming services, Facebook also wants to strike an audio streaming contract with some music labels so that it can also take part in the competition for the top spot. In other words, Facebook is willing to offer music streaming services and to stay among the most lucrative companies right now.
What’s even more surprising is that the news circling the web recently are claiming that Facebook won’t just buy a start-up company and transform it into a music streaming service, which is strange, since the social networking company is known for purchasing start-ups and turning them into something huge. And if all these reports are true, then it means Facebook is targeting not only Spotify, but also video streaming companies, such as YouTube, which is currently the top video sharing website on the planet. So, will Zuckerberg’s social media mogul take such a leap of faith and try to beat the best video and audio streaming giants? Or are these rumors nothing more than just rumors?