Facebook-at-work

The enterprise version of Facebook dubbed as ‘Facebok at Work’, which allows businesses to build their own secure social network, has added over 60,000 companies on the waiting list, reports Techcrunch. The service, which is still in beta version, plans to go worldwide with newer features later this year, adds the report. Norway-based MNC Telenor is the biggest customer under the ‘Facebook at Work’ feature with 36,000 employees globally.

More than 450 enterprises have started using Facebook at Work; In March, The Financial Times said that it is working with Facebook to offer a business version of Facebook to its staff around the globe. In October 2015, Facebook Royal Bank of Scotland said that it would add around 30,000 workers on the Facebook at Work by March 2016, and its entire workforce of 100,000 by the end of 2016.

Work Chat Feature: In November 2015, Facebook quietly launched a messenger app called Work Chat on Android, allowing co-workers to message each other individually, participate in group chats, share photos and videos, make voice calls, and even use stickers.

Ad revenue fueling Facebook’s revenue: Facebook’s $1.56 billion net profit in the last quarter came from ad revenues, which grew 57% y-o-y to $5.64 billion from $3.59 billion in the same period last year.

Latest updates from Facebook:

-Yesterday, Facebook said that it is planning to open Messenger to publishers; it also added that it will launch the feature with few unnamed participating publishers.

-In February, Facebook rolled out the ability to live stream videos to all Android users, starting with the US. The Live Video feature was launched for iOS users in the US earlier in February itself, with a global rollout planned over the next few months. The iOS feature is currently available in 30 countries.

-In January, Facebook’s standalone messaging app Messenger crossed 800 million active monthly users, inching closer to the Facebook-owned WhatsApp messenger’s 900 million active monthly users.

-In December 2015, Facebook introduced a new pilot feature called ‘services’ that lets users find local businesses which users can review and rate. The feature is available universally, and lists professional services like plumbers, spa, beauty & personal care, pet service, medical & health and automotive etc.

-In November 2015, Facebook started testing a crowdfunding model starting with nonprofit organizations to raise money for specific projects. It is also working on improving the Donate button, which it introduced for nonprofits in August.