Facebook Shops Launched

Facebook Shops Launched

Facebook (FB) stock of Wall Street's latest e-commerce propulsion started to see new heights with over 6%. On Tuesday, the social media giant announced its new "mobile shopping experience" called Facebook Store, which can help it compete against Amazon (AMZN) and similar competitors. Shops Facebook CEO Mark Zuckerberg announces Facebook Shops, an app that small stores around the world can use to sell directly on their apps like WhatsApp, Instagram, and Facebook. Facebook Shops, which will support medium, small and micro businesses by opposing many global platforms, provides direct access to users. 'Facebook Stores' will allow users and businesses to create a simplified and disaggregated version of e-commerce sites directly on Facebook and other services. "Our goal is to make shopping smooth and strengthen our practices, from the small business owner to a global brand," Facebook said. made the description The social media company said it is working with partners such as Shopify SHOP to "give the small businesses the support they need." Analysts expect the free e-commerce offer to help increase and expand the core advertising business. This move will allow Facebook to start competing in the expanding and evolving e-commerce field with giants like Amazon and smaller players like Etsy, Inc.