Facebook Shops Could Be Huge

Jeremy Bowman, The Motley Fool
Facebook Shops Could Be Huge

Facebook (NASDAQ: FB) Shops, the new online shopping platform just launched by the social media giant, has been a long time coming. Management had dropped a number of hints on the last earnings call about a new online shopping platform. As COVID-19 forced a number of businesses to close their brick-and-mortar doors, Facebook has set up tools for them to sell gift cards, allowed them to hold fundraisers, and set up a Business Resource Hub to help them with online sales and other needs.