CURRENT AFFAIRS

Detailed explanation-1: -Facebook has officially announced Watch, its new video hub for the user community as well as content companies like A&E and MLB.

Detailed explanation-2: -With YouTube now hosting movies and shows, its biggest competitors are Netflix, Hulu, and Vimeo. However, with Vimeo having gathered 150 million creators and 1.24 million subscribers its still dwarfed by YouTube’s 2 billion registered users and $15 billion in advertising revenue.

Detailed explanation-3: -YouTube competitors include Vimeo, Twitch, Livestream and Hulu.

Detailed explanation-4: -Originally Answered: Why isn’t there a competition for YouTube? YouTube has critical mass, there definitely are competitors in video hosting however none of them can compete directly as that requires the hosting site to be one of the most popular for the top content makers to support it.