#facebook says one in five videos shared on the service are live streams

Tech

Facebook’s big live-streaming bet is starting to pay off. According to the company’s head of video, Fidji Simo, one in five videos shared on the social network is of the Facebook Live variety. The stat, shared by Simo in a public status update on her personal page, reveals that Facebook’s costly and time-consuming shift toward live broadcasting is actually starting to work. Simo also says that the amount of time users spend watching these Live videos has quadrupled in the past year.

Ever since Meerkat’s breakout success at the SXSW festival in March 2015, live video has become the prime focus of the biggest social networks. It makes sense — in the age of unlimited video streaming…

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