Friday, September 28, 2012

Watch Your Back, Amazon. Real gifts to be sold on Facebook




From Reuters: Facebook Inc is taking one small step toward becoming an e-commerce platform by launching a feature for users to buy and send real gifts worth as much as hundreds of dollars.

As of Thursday, users can purchase and ship products from more than a hundred "Facebook Gifts" vendors with a few clicks on the company's website. The products include eyeglasses by Warby Parker, Starbucks coffee, and pastries from New York-based Magnolia Bakery.
Although it has sought to diversify its income sources, Facebook still relies heavily on display advertising. During the second quarter, more than 80 percent of its revenue of $1.18 billion came from ads…..

Read more at http://uk.reuters.com/article/2012/09/27/us-facebook-gifts-idUKBRE88Q1RV20120927

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