A Wall Street bank says Facebook’s big push into online shopping could generate a $30 billion jump in annual revenue (FB)

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Deutsche Bank analysts predict Facebook’s new push into online shopping could earn the company $30 billion in revenue a year. On Tuesday, Facebook announced Facebook Shops — a way for businesses to create online storefronts. Facebook stands to benefit on two fronts: It will make money off transaction fees, and it will also likely drive up advertising spend. It’s the company’s boldest push into ecommerce yet, and takes it into direct competition with Amazon, eBay, and Etsy.

Facebook’s big push into online shopping could earn the company a whopping extra $30 billion in revenue a year.

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Read more    Source: businessinsider.com

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