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| Inside new Facebook Headquarters, picture courtesy of @rourkery via Instagram |
According to
Music Ally, the social network is planning to launch an audio music-streaming service to compete with Spotify, Apple Music and others.
Question is though, Will Facebook build or buy its streaming music service? With the company having paid $19bn for messaging app WhatsApp, $2bn for virtual reality startup Oculus VR and $1bn for photo-sharing app Instagram, it has proven willing to splash out at multiple levels for companies to expand its offering. Spotify’s current valuation is less than half the WhatsApp price, while a smaller, socially-savvy rival like Rdio could surely be picked up for a fraction of that price
Check out the whole story
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