Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Introducing Facebook Shops

about.fb.com

Post reply on HN
Print view View original

271–280 of 286 posts

Re: Introducing Facebook Shops

#271

Post by rad_gruchalski »

saltedonion wrote: post #106
mrkramer wrote: post #98

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.

Meh. People who don’t use facebook can’t discover anything. I know many who removed their facebook account and are not going back.

That’s not to say there aren’t many on facebook who will use this.

Re: Introducing Facebook Shops

#272

Post by tssva »

72deluxe wrote: post #249
nicky0 wrote: post #226

Earlier quoted context omitted.

I've been youtube pro subscriber for a while. Zero ads, it's heaven. Really transforms the youtube experience.

Does this also work for YouTube in smart TVs etc.? Does it permit playing of videos audio-only? I use backing tracks on my Honor Play but it has terrible screen burn so after an hour of instrument practice my screen looks like the comments section (which keeps moving on YouTube)

It does work on smart TVs. You get can use backing tracks without them being on screen by either using the regular YouTube and putting it in the background or using Youtube Music, included with YouTube Premium, which has an option to play audio only.

Re: Introducing Facebook Shops

#273

Post by graham_paul »

QuixoticQuibit wrote: post #201
graham_paul wrote: post #94

Earlier quoted context omitted.

> I don't intend to have a financial relationship with Facebook. You wish it was that way but you do have one. An increasing number of businesses submit their financial data to Facebook and Facebook uses that data to track your offline activities. Few months ago they made some of this info available to you.

Can you elaborate on this?

https://www.facebook.com/off-facebook-activity

https://www.facebook.com/help/2207256696182627

https://www.washingtonpost.com/technology/2020/01/28/off-fac...

Re: Introducing Facebook Shops

#274

Post by codecamper »

buboard wrote: post #192
mrkramer wrote: post #98

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…

FB should be merciful and buy shopify before murdering them

FB should pay 100 billion for Shopify??

For 1 million "merchants"? in other words $100k per merchant.

Many of these are t-shirt & mug sales sort of people.

Re: Introducing Facebook Shops

#275

Post by codecamper »

nickff wrote: post #5
jameslevy wrote: post #2

"We’re also working more closely with partners like Shopify, BigCommerce, WooCommerce..." Is Facebook Shops not a direct competitor to Shopify? Or is this just "embrace, extend, and extinguish"?

My guess is that they will try to integrate Shopify sites into the platform, to give the FB Shops platform some momentum, then gradually push the non FBS stores down the page. My reasoning is that they are emulating Google. Alternatively, they could be looking to make FB Shops an advertising platform, similar to Amazon Seller Central, where they don't care who you buy from, but they want each seller to pay for ads an…

Your guess appears to be wrong. I couldn't find anything about FB Shops using Shopify platform. Only that you can stock your store from the Shopify store.. which is a tool that Shopify provides. In other words, Shopify is using the FB Merchant and Store APIs. Like anyone can.

It seems like a bad deal for Shopify sellers. They must pay FB 5% and Shopify 2% of each transaction. If they jettisoned Shopify, they'd just pay FB 5%.

Re: Introducing Facebook Shops

#276

Post by codecamper »

jameslk wrote: post #45
jameslevy wrote: post #2

"We’re also working more closely with partners like Shopify, BigCommerce, WooCommerce..." Is Facebook Shops not a direct competitor to Shopify? Or is this just "embrace, extend, and extinguish"?

For a lot of stores, Shopify is just an API for your store. There's a big trend in ecommerce of going "headless" and using Shopify's API to push your products out to many channels. In that sense, Shopify is merely a special database (similar to Salesforce) to track your customers, orders, products, inventory, discounts, etc which is then pushed out to channels like Facebook Shop or Amazon.

Shopify seems to overcharge for that sort of functionality.

Merchants are paying Shopify per transaction while customers shop on another site & pay using Google Pay, Paypal, FB Pay, or Apple Pay.

Re: Introducing Facebook Shops

#277

Post by codecamper »

machbio wrote: post #111
jameslk wrote: post #45

Earlier quoted context omitted.

For a lot of stores, Shopify is just an API for your store. There's a big trend in ecommerce of going "headless" and using Shopify's API to push your products out to many channels. In that sense, Shopify is merely a special database (similar to Salesforce) to track your customers, orders, products, inventory, discounts, etc which is then pushed out to channels like Facebook Shop or Amazon.

Yes, its interesting shopify have a product called Lite ( https://www.shopify.com/lite ) which does not have any UI

Nothing lite about the payment terms. You pay them over a 100 a year plus part of every transaction.

For keeping a database of photos and descriptions & integrating with APIs?

Doesn't that seem overpriced?

Re: Introducing Facebook Shops

#278

Post by codecamper »

xyzzy_plugh wrote: post #187
ksec wrote: post #65

Earlier quoted context omitted.

I read the tweet from Shopify CEO and I thought Facebook went and partnered with Shopify only . Turns out that is not true. Anyway out of all those listed, I would think Shopify has the biggest to gain. While I dont know enough about the possibility of Facebook doing Triple E, at least All of a sudden Shopify's insane valuation makes a little more sense and justifying the possible potential. Currently market cap at ˜…

Wow, I haven't been following Shopify, but their stock is going gangbusters. A mid level employee who joined around their IPO, with ~$300k of stock vesting over four years would be worth almost $18MM today. Wow.

Just thank J Powell and Trump.

Re: Introducing Facebook Shops

#279

Post by codecamper »

mrkramer wrote: post #64
jameslevy wrote: post #2

"We’re also working more closely with partners like Shopify, BigCommerce, WooCommerce..." Is Facebook Shops not a direct competitor to Shopify? Or is this just "embrace, extend, and extinguish"?

I don't get it. If you buy something from Facebook Shop does Facebook take a fee or Shopify for example. I'm guessing Facebook is trying to get rid off websites and essentially Google and hoping all discovery happens on Facebook and Instagram. I'm wondering how Facebook Shops is going to impact Shopify,Amazon and Google Shopping in the long term.

Facebook is going to handle everything (search, display, cart, checkout, payments) and will charge 5%.

Shopify is doing nothing on a transaction level & yet they have a stock that requires growth, so they are charging 2% per transaction.

I kid you not.

Re: Introducing Facebook Shops

#280

Post by codecamper »

ksec wrote: post #65
jameslevy wrote: post #2

"We’re also working more closely with partners like Shopify, BigCommerce, WooCommerce..." Is Facebook Shops not a direct competitor to Shopify? Or is this just "embrace, extend, and extinguish"?

I read the tweet from Shopify CEO and I thought Facebook went and partnered with Shopify only . Turns out that is not true. Anyway out of all those listed, I would think Shopify has the biggest to gain. While I dont know enough about the possibility of Facebook doing Triple E, at least All of a sudden Shopify's insane valuation makes a little more sense and justifying the possible potential. Currently market cap at ˜…

Not really.

Shopify is only using FB's merchant APIs: https://developers.facebook.com/docs/commerce-platform/ And that's it.

They are allowing Shopify merchants to publish their inventories to the FB store. In exchange Shopify wants 2% of every transaction and 30 bucks a month or 9 bucks for their "lite" version.

Or you can just use FB directly to stock your store & pay Shopify zilch.

Post reply on HN