Facebook Shops: Online stores open on Facebook and Instagram

mood · May 20, 2020

Facebook Shops: Online stores open on Facebook and Instagram
Nearly a million businesses in the UK and around the world can now set up a single online store to sell products, with no fee, on Facebook and Instagram
May 19, 2020
https://www.bbc.co.uk/news/technology-52726268

The stores will appear on business pages, Instagram profiles and through targeted ads.

The company has already used a no-fees approach in its Facebook Marketplace for personal classifieds.

"It's bigger than usual just because we want to make sure we're moving quickly to get these tools in the hands of as many businesses wherever they are, big or small, to help them survive during this time," Facebook's Layla Amjadi said.
The shopping feature will also eventually appear on WhatsApp and the company's other messaging apps and integrate with live streams.

And if problems arise or a buyer wants to ask questions, they can do so through Facebook Messenger, WhatsApp, or Instagram Direct messages, some of which are already used by companies for that purpose.
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Anthony Ha, a senior writer at technology news site TechCrunch, said the pandemic lockdown may have worked in Facebook's favour.

"After all, if your favourite store has changed their hours, or switched to online delivery or kerb-side pickup, they've almost certainly posted about it on Facebook or Instagram," he said.
"So it makes sense for Facebook to make the purchase process as easy as possible from those profiles.
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Facebook: Introducing Facebook Shops: Helping Small Businesses Sell Online

We want to give people a place to experience the joy of shopping versus the chore of buying. And we want to help small businesses adapt and make it easier for people to discover and shop for things they love.
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mood · May 20, 2020

Facebook shares reach all-time high after launch of online shopping feature
May 20, 2020
https://www.cnbc.com/2020/05/20/fac...after-announcing-online-shopping-feature.html

Shares of Facebook reached an all-time high of $230.75 on Wednesday, soaring as much as 6.4%, with Wall Street being bullish on the company’s focus on e-commerce.

The social media giant announced Facebook Shops on Tuesday, which will make listing products to Facebook and Instagram easier. The stock ended the day up just over 6%.
Investors rallied on Facebook’s announcement, with Morgan Stanley writing in a note Wednesday that this could make Facebook a competitor to Amazon and Alphabet’s Google. Shops also presents itself as a multibillion dollar opportunity, the analysts wrote.

AB Bernstein said in a note to clients early Wednesday that Facebook Shops could unlock a $1.3 trillion market.

“We have long viewed FB as the ‘rent’ to the digital economy and a core component of the online retail ecosystem,” the analysts wrote.
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Rasheed187 · May 23, 2020

I think this is a very smart move, seems like Facebook is trying to become a competitor to just about everyone, strange that they didn't do this earlier. I can see Facebook Dating and Facebook Shops becoming succesful.

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Facebook Shops: Online stores open on Facebook and Instagram

mood Updates Team

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Facebook Shops: Online stores open on Facebook and Instagram

mood Updates Team

mood Updates Team

Rasheed187 Registered Member

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Microsoft is shutting down Mixer and partnering with Facebook Gaming

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