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Zoom has a new rival from Facebook where 50 people can video call at once

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San Francisco: Facebook Inc introduced a video conferencing tool and expanded livestreaming features on Friday, capitalizing on a surge in demand for video chats during the coronavirus pandemic while taking its first steps toward a planned integration of messaging products across its apps.

The video conferencing tool, Messenger Rooms, will enable as many as 50 people to participate in a call, the company said in a statement.

It will display a tiled layout of participant videos - up to 16 on desktop and 8 on mobile - resembling the design offered by competitor Zoom.

Zoom's share price sank 3.7% from the day prior to about $163 in the minutes following the announcement, after hitting a record high of $181.50 earlier in the day.

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