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Introducing Facebook Shops

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101–110 of 286 posts

Re: Introducing Facebook Shops

#101
post #72

This is long overdue. I bet they’re working on a PayPal competitor and eventually their own in-house data driven credit system. If you think you were being tracked across every mouse hover and scroll now, imagine what it’ll look like when there’s this much on the line.

Zuckbucks. FB going to start its own federal reserve.

Re: Introducing Facebook Shops

#102

I don’t see this as a positive for FB at all. To me, this looks like FB has finally accepted defeat in the social networking space. Over the years it has been deteriorating at delivering on its core mission of connecting people and supporting personal relationships. I don’t think FB of the past would have green lighted this project, the hit on its brand positioning is significant. It will only accelerate people’s dis…

Do you know about Facebook Watch, their streaming service with real original TV shows? Their switch from 'just' a social network was years and years ago

Didn’t know they had original TV shows, but I thought at least they will build social features into Watch.

Shopping on the other hand, is a private and individualistic activity.

I feel this is far removed from their core mission.

Re: Introducing Facebook Shops

#103
post #72

This is long overdue. I bet they’re working on a PayPal competitor and eventually their own in-house data driven credit system. If you think you were being tracked across every mouse hover and scroll now, imagine what it’ll look like when there’s this much on the line.

Zuckbucks. FB going to start its own federal reserve.

I was thinking “Facebacks”, but yes that’s the singularity.

Re: Introducing Facebook Shops

#104

Earlier quoted context omitted.

Random non rant: Thank you for being self aware enough to know that you are in the minority when it comes to not having Facebook. Most posts by people who don’t use FB and post to HN feign ignorance and say something like “I haven’t used FB in 10 years. Does anyone still use it?”

I don’t use Facebook, but bragging about that and questioning whether anybody else still uses Facebook feels a lot like asking if anybody still buys Apple phones. I vaguely recall a HN comment on a different subject which drew a parallel to the famous Yogi Berra quip, “Nobody goes there anymore, too crowded.” It sounds like one of his classic oxymorons, but there is a deeper implication with respect to tastemakers/ea…

I no longer use facebook as well and I know a lot of people in my age group not using it. But having said that, a lot of people, specially older people still do and they have valid reasons for it. May be shops will be targeted towards them.

Re: Introducing Facebook Shops

#105
post #72

This is long overdue. I bet they’re working on a PayPal competitor and eventually their own in-house data driven credit system. If you think you were being tracked across every mouse hover and scroll now, imagine what it’ll look like when there’s this much on the line.

This new offering feels a natural outcome now that the core product (fb.com, Messenger) user base starts to saturate. Previously they could just focus on international expansion on existing product, now the approach needs to shift. And that might be the reason why FB has so little in house built products v.s. products via acquisition, compared to Google.

So there's a growth pressure across the company's structure chain. From this point on, it would be interesting to see what other products FB would launch to leverage their huge social network. My 5 dollar bet would be cloud infra that compete with AWS and Azure - the selling point would be, hey join FB Cloud Infra and we'll help you reach 2 billion FB users!

Re: Introducing Facebook Shops

#106

Crucial information from Shopify: "Merchants will get control over customization and merchandising for their storefronts inside Facebook and Instagram, while managing their products, inventory, orders, and fulfillment directly from within Shopify." "Consumers will be able to easily find, browse, and buy products through a purpose-built, immersive experience in these apps they use every day. Checkout will be powered b…

Discovery is where the money is at. If FB can dominate discovery they will effectively commoditize the product listing, inventory management layer.

Re: Introducing Facebook Shops

#109

I don’t see this as a positive for FB at all. To me, this looks like FB has finally accepted defeat in the social networking space. Over the years it has been deteriorating at delivering on its core mission of connecting people and supporting personal relationships. I don’t think FB of the past would have green lighted this project, the hit on its brand positioning is significant. It will only accelerate people’s dis…

lolwat

Re: Introducing Facebook Shops

#110

I don’t see this as a positive for FB at all. To me, this looks like FB has finally accepted defeat in the social networking space. Over the years it has been deteriorating at delivering on its core mission of connecting people and supporting personal relationships. I don’t think FB of the past would have green lighted this project, the hit on its brand positioning is significant. It will only accelerate people’s dis…

Seems like a win to me... They get to diversify and they can handle payments etc... so you get that 1-click experience. I am not sure how they will handle shady vendors / returns though... Amazon invests a lot in the customer experience but will FB?
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