Facebook to Incorporate Online Shopping
December 30, 2010 12:06am CST
Facebook is seeing a lot of changes. It's bound to offer almost everything except wash the kitchen sink. Recently making a trip to China where his company's website is banned, 26-year-old $7 billion dollar father of social networking, Mark Zuckerberg was recently seen in a pub of the country's neighboring Thailand for his company's vice-president's wedding wearing, naturally, his blue jeans, white trainers and green collar-less shirt. Though the film The Social Network, which documents the birth of Facebook, is an Oscar contender Mark Zuckerberg's company is bound for more. He and other Facebook executives are recently engaged in meetings with a number of online shopping services. Yup, Facebook is reaching out to online shopping. They would also cover product reviews and a documentation on each user's account of that particular user's purchases. Since this is a social networking site the influence of one buying a certain product would most likely influence others. Unified shopping is what they currently call it. eBay is the king of online shopping. It still is. But with Facebook's billion users it's going to get a major bite off their company so much so when Facebook's value tripled in the last year as investors scramble to get stocks of the social networking site that catapulted the founder to Time's Person of the Year. If you work for eBay what would you propose your company do?
1 person likes this
30 Dec 10
Hmm...that's interesting. I love online shopping because it's where I usually find the stuff I like that is not available locally. I've been using eBay for some years now and it's a pretty stable auction/selling site. If I am an employee of eBay, I guess I would feel safe because the site's interface has been proven tested for years but then, I might propose the company to find some innovative ways to keep the site going. Though Facebook is really a great site, it's more of a social networking site than an auction/selling store. I don't know what will happen when Facebook launches their Unified Shopping but time will tell if eBay stands strong or Facebook will take over (just my opinion, no it can't). Thanks for this info. I might look forward to it on Facebook. Have a nice day!