Facebook Launches Periscope Challenger for iPhone Users Nationwide The move could bolster the 100 million hours of video users already consume daily on Facebook.

By Geoff Weiss

Opinions expressed by Entrepreneur contributors are their own.

endermasali | Shutterstock.com | Enhanced by Entrepreneur

Facebook's livestreaming video feature, Live, is now available to everyone with an iPhone in the U.S. The Periscope-like service launched last August, but was previously only available for public figures and verified Pages.

"We plan to start rolling this out to the rest of the world over the coming weeks," wrote product manager Vadim Lavrusik in a blog post. Android compatibility is also presumably coming soon.

Broadcasters can initiate a stream from their Update Status bars by clicking on a new Live Video icon that will prompt users to write a description of the event. They can also invite fellow Facebookers to come and watch. Streams can last a maximum of 30 minutes.

As streams transpire, broadcasters will be able to see the names of friends who are watching in real time. Viewers can also offer comments or subscribe to be notified when their favorite broadcasters go live again. After broadcasts are completed, says Facebook, they will live on users' Timelines like any other video post.

Given Facebook's growing dominance in the video realm, the rollout of Live could portend a serious threat to fellow streaming platforms such as Periscope and Meerkat. On an earnings call Wednesday, Facebook said that 500 million users now watch 100 million hours of video every day.

Related: Facebook May Have a Ridesharing Service in the Works

Geoff Weiss

Former Staff Writer

Geoff Weiss is a former staff writer at Entrepreneur.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

AI Could Cause 99% of All Workers to Be Unemployed in the Next Five Years, Says Computer Science Professor

Professor Roman Yampolskiy predicted that artificial general intelligence would be developed and used by 2030, leading to mass automation.

Buying / Investing in Business

Big Investors Are Betting on This 'Unlisted' Stock

You can join them as an early-stage investor as this company disrupts a $1.3T market.

Buying / Investing in Business

From a $120M Acquisition to a $1.3T Market

Co-ownership is creating big opportunities for entrepreneurs.

Business News

Mark Zuckerberg 'Insisted' Executives Join Him For a MMA Training Session, According to Meta's Ex-President of Global Affairs

Nick Clegg, Meta's former president of global affairs, says in a new book that he once had to get on the mat with a coworker.