Will Facebook Become an Online Video Destination?

With hubs though, Facebook could turn pages -- which are experiencing some pretty low engagement rates -- into destinations for fans.

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Video is a huge social media market, and it seems like everyone wants to get in on it. Facebook has made some recent changes in the hopes that it can become a destination for video online. If Facebook becomes a home for video online, what could this mean for YouTube, and for video advertising?

According to TechCrunch contributor Josh Constine:

All businesses will soon be able to choose a featured video to be displayed extra-large with a live comment feed atop their Page, and cobble together playlists of more of their videos.

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