Facebook Marketplace hits 1 billion users, Zuckerberg wants to build the “future of commerce”

Facebook Marketplace, the social media firm’s shopping for and promoting platform that was launched a yr again, has received 1 billion customers now, CEO Mark Zuckerberg shared through the firm’s earnings name, says a report by Engadget. Not solely that, there are over 1 million Retailers on the platform and over 250 million individuals work together with the platforms on a month-to-month foundation.

Zuckerberg has a “full-featured commerce platform” in thoughts and he mentioned that the corporate is “investing in constructing the way forward for commerce”. Naturally, it’s a income supply for the corporate because it permits companies to utilize its platform. In the course of the ongoing coronavirus disaster that has stretched on for greater than a yr now with no clear indicators of abating, the e-commerce business is predictably anticipated to see a growth solely.

Zuckerberg additionally reportedly outlined a number of the plans certainly one of which is permitting “enterprise house owners to purchase Facebook advertisements that open straight in WhatsApp from the WhatsApp Business app.” Additionally, Instagram influencers would have the ability to launch their very own retailers from contained in the app.

Whereas the person base of the social media platform nonetheless grows regardless of it being a goal for potential cybercrimes, Fb has hinted that it will strive its greatest at stopping private knowledge leaks from the platform and tried to reassure its customers. It has mentioned that its devoted Exterior Information Misuse staff of over 100 specialists is engaged on detecting, blocking and deterring knowledge scraping. There have been no conclusive feedback from the corporate on whether or not customers can relaxation assured that their knowledge will now be protected.

FbTwitterLinkedin