Is Facebook going to launch a music-streaming service soon ?

Inside new Facebook Headquarters, picture courtesy of @rourkery via Instagram
According to Music Ally, the social network is planning to launch an audio music-streaming service to compete with Spotify, Apple Music and others. Question is though, Will Facebook build or buy its streaming music service? With the company having paid $19bn for messaging app WhatsApp, $2bn for virtual reality startup Oculus VR and $1bn for photo-sharing app Instagram, it has proven willing to splash out at multiple levels for companies to expand its offering. Spotify’s current valuation is less than half the WhatsApp price, while a smaller, socially-savvy rival like Rdio could surely be picked up for a fraction of that price

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Mungwadzi Godwin

twitterinstagramI like sharing positive stories about Zimbabweans at home and abroad. I also write articles on Personal Finance, Fashion, Music, and Tech. Let's connect!

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