As social media turn into shopping channels more and more, Facebook owner Mark Zuckerberg is eager to cash in. Hence the introduction of Facebook Shops, which allows retailers and brands to start their own webshop on Instagram or Facebook.
» Read more
Facebook has quietly acquired Packagd, a start-up specialising in live shopping from videos. It is looking to integrate the feature into its Marketplace platform.
» Read more
Superama, a subsidiary of Walmart Mexico, has started to deliver groceries through instant messaging service WhatsApp.
The British government has announced plans for a new tax that mainly targets foreign tech companies such as Amazon, Google and Facebook. A similar discussion in the European Union is heading nowhere, so the UK wants to proceed on its own.
The food sector won't escape disruption, according to Nils van Dam of Duval Union Consulting. The increase in conflicts within the sector is no coincidence: the entire chain is under pressure, and FMCG companies will have to invest in data to survive.
In October 2016, Facebook launched a marketplace for used items in several countries, including the United Kingdom and the United States. That marketplace is now also coming to Belgium, the Netherlands and fifteen other European countries.
Facebook has been sentenced to a 500 million dollar (460 million euro) fine after it lost a case about virtual reality headset Oculus Rift's technology, allegedly stolen from ZeniMax.
Facebook launched 'Marketplace', a place where users can sell or buy stuff. The huge increase in online groups where people sell items prompted Facebook to launch this particular initiative.
Facebook is allegedly working on a new feature for its Messenger app, allowing users to pay in stores. This would mean the app would become a competitor for Apple Pay and Android Pay.
Fashion retailers do not use their social media presence adequately, according to a study with 50 fashion and shoe retailers in the United Kingdom. Even the most basic contact information is often missing from their pages.