Facebook's LOSES $600m bid to stream Indian cricket

Facebook's LOSES $600m bid to stream Indian cricket
Facebook's LOSES $600m bid to stream Indian cricket

Facebook has launched its Watch video service to US users last week with plans to allow people to submit shows, as the No. 1 social media network vies with Alphabet'sYouTube for advertising revenue.

Advertisers are shifting more of their budgets from television to online as viewers have migrated to watching shows on smartphones and tablets.

On Watch, which Facebook began testing earlier this month, users can see hundreds of shows from the likes of

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