Will FB Rebound After The Recent Slump? Find Out Here
Rebecca Lieb of the Altimeter Group states that both F-commerce and mobile commerce will get a powerful surge if this new venture is successful. But a minor hiccup has to be dealt with – there are concerns about Facebook getting personal details of the recipient like an address and contact details and thus targeting them to increase the number of users on the social network.
Shares of FB soared 6.60% to $21.66 on Friday, but still down 5.25% for the week.