Facebook Acquires MSQRD Selfie App | Crunch Report

TL;DR

Facebook acquires video filter app Masquerade, Google surprises with early release of Android N, tech stocks Square and Box surpass expectations in earnings.

Transcript

facebook acquired a cool new app a surprise update from google and some good news for tech stocks it's Wednesday March ninth and this is crunch report presented by Toyota Facebook just made an interesting purchase video filter at masquerade spelled msq rd has been acquired by the social media giant for an undisclosed price with face swapping and ce... Read More

Key Insights

• 🥡 Facebook's acquisition of Masquerade indicates its focus on enhancing the video experience on its platform and potentially taking on Snapchat's filters.
• 😮 Google's surprise release of the Android N developer platform shows its commitment to gathering feedback and improving its operating system.
• 💓 Square and Box beating expectations in earnings is a positive sign for upcoming IPOs and the tech stock market.
• 🎮 Facebook's integration of 360 streaming with Oculus VR further expands the possibilities of immersive video content.

Questions & Answers

Q: What video filter app did Facebook recently acquire?

Facebook recently acquired Masquerade, a video filter app that allows users to engage in face swapping and use celebrity masks for more entertaining video selfies.

Q: Why did Google release its Android N developer platform earlier than expected?

Google wanted to gather feedback from developers and decided to release the Android N developer platform earlier than planned to ensure a successful final release in the third quarter of this year.

Q: How did Square and Box perform in their earnings report?

Square and Box both surpassed Wall Street expectations in their earnings report, with Box trading 13% higher in after-hours trading and Square reporting revenue of 374 million, giving hope to other startups anticipating IPOs.

Q: How is Facebook integrating its 360 streaming with Oculus virtual reality?

Facebook announced that its Oculus video app will incorporate a new video tab, allowing users to connect their Facebook and Oculus accounts to browse and share 360-degree videos on VR headsets.

Summary & Key Takeaways

• Facebook has acquired the video filter app Masquerade, adding face swapping and celebrity masks to enhance the video experience on the platform.

• Google surprised everyone with the early release of its Android N developer platform to gather feedback before its final release in Q3 of this year.

• Square and Box, two prominent tech stocks, beat Wall Street expectations for earnings, boosting investor confidence in upcoming IPOs.