Why Facebook's Doubling Down on E-Commerce

E-commerce sales are booming, and Facebook (NASDAQ: FB) wants a piece of the action. The social media giant has been moving toward making shopping on its platforms, Facebook and Instagram, easier since last year. It recently launched and expanded a few products that aim to make its apps shopping destinations, particularly for small businesses.

Image source: Facebook.

Facebook Shop is a new tab coming to the Facebook app that'll allow users to discover businesses and products on the social media platform. It's a clone of Instagram Shop, which the company started rolling out last month.

Source Fool.com