FB stock holders can prepare to see more sports information now that Facebook has acquired SportsStream. SportStream’s data platform, SportsBase, allows content producers to see real-time updates on sports data. This may give FB stock a weapon against Twitter’s (TWTR) live TV elements, reports ZDNet.
It’s unknown what exactly Facebook plans to do with SportsStream or how it will affect FB stock. In a statement regarding the purchase, the company simply stated that the startup would allow it to connect better with sports fans. Sportstream will also continue to work with its partners from before it was acquired by Facebook, reports The San Francisco Chronicle.
Specifics regarding Facebook’s buying of SportsStream are unknown, but the startup will be moving to Facebook’s headquarters in Menlo Park, Calif., ZDNet notes.
FB stock was down 1% as of noon Wednesday.