Facebook Has Suddenly Become A Massive Hub For Video

Business Insider - Consumption of online video actually declined in the U.S. by 3% year over year, according to analysts Arvind Bhatia and Brett Strauser of Sterne Agee — but not at Facebook. Users of the social network watched a total of 118 million hours of video in January, according to comScore— a huge, sudden leap. In previous months, Facebook's 1.2 billion active users tended to watch a total of less than 40 million hours, according to this chart of Facebook video viewing habits prepared for us by Statista: This isn't a coincidence, of course. Facebook is preparing a new, yet-to-be-launched video ad product. before that happens, though, the company has been seeding the news feed with viral video, most recently its "Look Back" feature in which a custom video is created from your best-liked posts of the last few years.Join the conversation about this story »