1

Facebook Shares Jump More Than 6% After Gifts Launch. (Hooray For New Revenue Streams.)

view story
linux-howto

http://techcrunch.com – Well, Facebook shareholders sure like the sound of Gifts. Around Wall Street’s close yesterday, the company launched a much anticipated e-commerce initiative that lets Facebook users send real, physical gifts to friends and family on birthdays and special events like engagements and weddings. It gives the company a third business model beyond advertising and payments revenue. Shares have jumped by 6.6 percent today to $21.66. So what could Gifts mean for Facebook’s bottom line? Let’s do some guesswork. The company has 165.7 million users in the U.S., according to the ads too (IT news)