Stock in News: Facebook (NASDAQ FB) Enters e-commerce with TheFind

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Facebook (NASDAQ FB) has taken another big step. This time around, the social networking site has entered the e-commerce market space. Facebook has acquired thefind, thereby entering the given market. Facebook’s recent acquisition falls in line with the recent market movements. Thefind is an interesting ecommerce search app which enables users to search for ecommerce related stuff. This would be a major acquisition for Facebook which can add another source of revenue to its workings.

Here in this post, we will look at thefind and why this acquisition means so much for both the parties. It would be interesting to see how the Facebook FB stock gets affected by this recent move. Facebook has been doing well in the market and therefore entering an entire new segment should boost the social networking giants.

Facebook acquired thefind on Friday, this past week. The acquisition was reported online by thefind which believes that the said move would benefit them heavily. Many employees of thefind would join Facebook and the facilitate the merge. The exact financial details of the move have not been made public.

Facebook Inc: New Acquisition

Thefind was founded way back in 2006. It received three rounds of finding in just one year, amounting to a total of around $25 Billion. It would be prudent to believe that thefind would help Facebook become more relevant in terms of finding advertising revenues through the social networking interface.

Facebook has taken small baby steps in the past towards ecommerce. The introduction of the Buy button was a major move from Facebook. With more than a Billion active users, Facebook offers a great market for ecommerce, something which can no longer be overlooked.

Facebook Inc (NASDAQ FB) Business News

Facebook (NASDAQ FB) has been a stand out stock in the past six months. This move helps Facebook become more diverse and therefore would help Facebook invent new areas for revenue.

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