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Facebook Video Player Seen As Challenge To YouTube

Facebook CEO Mark Zuckerberg is taking aim at YouTube by launching a new embeddable video player.
Facebook CEO Mark Zuckerberg is taking aim at YouTube by launching a new embeddable video player. Photo Credit: Wikimedia Commons

WESTCHESTER COUNTY, N.Y. -- Facebook is taking direct aim at YouTube's dominance over streaming video by announcing its new embeddable video player, according to Business Insider.

Facebook's video player is intended to maximize revenues on advertising from the social media's 3 billion video streams per day, Business Insider said.

Facebook's announcement comes just one month after a Wall Street Journal report said Google hasn't turned a profit off YouTube despite the site's 1 billion viewers, Business Insider reported.

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