Facebook Launching E-Commerce Platform Soon

In Facebook's early experiments, companies can display their available products on their Page and let customers check out and pay without leaving the site. If the concept sounds familiar, that's because it is. Companies first started selling things directly through Facebook in 2009. Then, in 2011, Facebook convinced a bunch of big, high-profile brands like Gamestop, Gap, J.C. Penney, and Nordstrom to open stores on the site through their business Pages. They all ended up closing their stores within a year. Analysts and industry experts who had coined the term "Fcommerce" for Facebook's first foray into online shopping, snarkily commented that the "F" stood for a big, fat failure. Read full story here

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