As number of users watching original videos on Facebook has reached around 720 million, with 140 million people using the service daily, the social networking website is now looking to compete with YouTube and other rivals. Hence, ad breaks have now been made available in Canada, and support will be added for five more languages — Kannada, Marathi, Punjabi, Swedish and Telugu.
Facebook’s independent investors are disgruntled with the way Mark Zuckerberg handled a series of Facebook scandals last year, which caused huge drop in Facebook’s share price. In Facebook’s annual shareholders meeting, 68% of outside investors voted for a proposal to oust Mark and hire an independent Chairman. However, Mark Zuckerberg, who owns 60% of the voting rights, rejected the proposal.