Friday, June 5, 2015

Facebook Lite app launched to tap emerging markets

Facebook has launched a stripped-down version of its app aimed at the huge potential user base in emerging markets.

The social media giant confirmed to CNBC that it was testing the Android app in January, and was now rolling it out across countries in Asia, followed by parts of Latin America, Africa and Europe.

Facebook Lite takes less than 1 megabyte of storage space on a phone -- substantially less than the standard app, which uses up around 25MB of storage.

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