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2.6B daily users, a third of which are bots and no infrastructure, zero. Also Amazon was a big spender on Facebook ads, wonder if that will come to a stop either by Amazon who may see Facebook as competition or vice versa.
It certainly has my interest peaked, much less with the stock and much more with the idea of setting up a shop on Facebook that ties into my WXChasing page since I already have a few hundred thousand followers. Wonder how/if pages will tie into shops. The upside of that would be incredible but the downside risk of people getting Facebook marketed to death could collapse it if they aren't careful.
I'm guessing this is going to tie into Facebook Libra... The cryptocurrency they announced to launch in 2020.
They have partnered with Shopify and payments thru Stripe. Charging a. 30 transaction fee.
If you have 2% of 1.8b users (subtracting. 8b for bots) that's 36mm transactions a day x. 30 fee for 10mm in revenue per day.
I don't know enough about the analytics with FB, but they do and if done right, could be another revenue stream.
If they tie in with Libra, they control the method in which you buy. You can still buy w credit, but then subjected to cc fee and FB transaction fee.
Just reading up on all this tonite.