Meta has announced that they are “winding down” (aka dumping) NFTs across the company. In short, Meta will be focusing on messaging and monetisation opportunities for Reels. Also, they will continue to develop Meta Pay and investing in messaging payments. See below announcement from Stephane Kasriel, Head of Commerce & Financial Technologies at Meta.
Alibaba is reportedly recruiting influencers outside of China to grow its share of eCommerce. Influencers that sell through live-streaming are a massive feature of the Chinese ecommerce landscape. Alibaba now wants to export and adapt the model internationally. To do so is looking to hire an army of influencers that can sell through AliExpress, its … Read more
WhatsApp has announced that Brazil will be the first country to get its digital payment functionality. Users will now be able to send money to each other or to purchase from local businesses. All from within a WhatsApp chat. Crucially, this payment feature is enabled by Facebook Pay, paving the way for a future of … Read more
Facebook is introducing Facebook Shops. This is a major announcement in light of the struggles that many businesses are facing during the COVID-19 pandemic. Even when, depending on the nation, shops are allowed to re-open, they are likely to be facing restrictions on how to operate. This might mean the inability of having the same foot … Read more