CEO Mark Zuckerberg announced three e-Commerce updates that are coming to Facebook products in a live stream: Shops on WhatsApp, and Shop listings in Facebook Marketplace, as well as a new visual product search option on Instagram.
The biggest announcement is Shops on WhatsApp, which will allow businesses to showcase their entire Shop within the messaging app, giving shoppers another way to find relevant products, and connect with the business for more information. This could boost businesses' revenues since WhatsApp has a huge user base.
Businesses will only need to set up their shop once to have it work across Facebook, Instagram, and WhatsApp.
Facebook is also bringing Shop listings to Marketplace thus providing more ways for brands to connect with interested shoppers.
SAN FRANCISCO — Facebook shares shot up 12% after the giant social network said it earned 79 cents a share on revenue of $5.84 billion in the fourth quarter, easily topping Wall Street estimates. Facebook's dominance in mobile advertising helped to allay Wall Street concerns over its heavy investments in messaging service WhatsApp and virtual reality unit Oculus, which have not yet generated profits.
Chief Executive Mark Zuckerberg, who returned from two months of paternity leave on Monday, has said virtual reality represents the next major computing platform. The company has also begun monetizing some of its other units, such as photo-sharing app Instagram, which surpassed 400 million users last year and began selling ads in September. Facebook said mobile ads accounted for 80 percent of
When you joined WhatsApp, there was a reminder that you would be enjoying it for free for a year after which you would be forced to pay a subscription fee of about 0.99$ per year. If you cleared your application data and logged back in to your WhatsApp account, there was a reminder of how long you had to enjoy that service. This however, is no more after the move announced by Mark Zuckerberg to make WhatsApp completely free. While the generous and magnanimous move has pleased most of us, there is that nagging suspicion that there is a catch. Of course there is.
One of the greatest joys that came with WhatsApp was the ability to hide from ads. On WhatsApp you aren’t hounded by thousands of irritating pop up ads. A lot of us thought that that might be the reason why you have to pay for Wh
Facebook's growth shows signs of rising daily. Facebook has announced that it has over one billion users on average using it everyday. In August it announced it had passed a milestone of having one billion users on the site in a single day. By the next month that was the average. That's a year-over-year increase of 17 percent. Monthly active users increased by 14 percent to 1.55 billion as of the end of September, an increase of 14-percent from the year before. Meanwhile the company continues to see a majority (78-percent) of its ad revenue come from mobile. In the earnings statement CEO Mark Zuckerberg stated, "we're focused on innovating and investing for the long term to serve our community and connect the entire world." Reports by Roberto Baldwin
Facebook reported earnings on Wednesda...
Kenya will become the third African country, after Tanzania and Zambia, to get free internet from Facebook, according to a message posted on Internet.org below
Today Internet.org reached a special milestone. With our announcement in Kenya this morning, free basic internet services will soon be available to more than 100 million people worldwide.
We still have a lot of work ahead to make Internet.org available everywhere and to help 5 billion people connect and use the internet, but our recent launches in Kenya, Tanzania and Zambia are a good start.
Kenya already has a thriving startup ecosystem and the internet is already making a big impact, with millions of people using services like mobile banking over SMS. To fulfill this country's full potential, we need to help everyone connec
A year ago, Mark Zuckerberg had seen his wealth double in 12 months as Facebook recovered from its disappointing IPO in 2012. Now the CEO of the social networking giant is sitting even prettier. Reports Forbes
On this year’s Forbes 400 list of richest Americans, Zuckerberg has a net worth of $34 billion, up $15 billion from 2013 — that makes him the biggest dollar gainer on the list. His net worth has more than tripled over the past two years, catapulting him up the rankings. He’s now the third richest American in the technology industry (last year he was sixth), and the 11th richest person in America.
Zuckerberg was the biggest winner this year, but he wasn’t alone in rocketing up. The 10 richest people in tech on The Forbes 400 are collectively 23% wealthier than a year ago.
The names o
When Facebook’s Mark Zuckerberg held talks with WhatsApp over what would become a mega, $19-billion takeover deal last February, he told the founders he’d love for their popular messaging app to “connect 4 to 5 billion people over the next five years.” It was an extraordinary mandate, yet WhatsApp may be gradually getting there. On Monday founder Jan Koum announced on Twitter TWTR +4.49% that the free texting service he started in his Santa Clara townhouse in 2009, had hit 600 million monthly active users. reports Forbes
In late April, the number was 500 million, meaning the app has been gaining roughly 25 million new active users each month, or 833,000 active users per day. Back in March, WhatsApp founder Brian Acton confirmed to Forbes that the service had been signing up 1 million new u
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