skip to content

MarketWatch Site Logo A link that brings you back to the homepage.

Facebook is readying a competing service to Zoom, Microsoft Teams

Referenced Symbols

Facebook Inc. FB, +2.66% on Friday said it is launching a new video chat feature that appears to be a rival to Zoom Video Communications Inc. ZM, -6.08% and Microsoft Corp.'s MSFT, +1.82% Teams service. Called Messenger Rooms, it looks and functions like Zoom, but it lets more people - up to 50 - join at once for free. The new Facebook service comes days after company Chief Executive Mark Zuckerberg said Facebook would not hold meetings of more than 50 people until June 2021. Facebook also announced that WhatsApp video calls can now host up to eight people instead of four. News of Facebook's new video foray sent Zoom shares tumbling 4% in late-afternoon trading Friday.