Facebook’s foray into eCommerce seems to have paid off as its Marketplace just hit one billion in users.
According to Zuckerberg’s latest company update, the social network now also boasts over a million shops and has some 250 million users interacting across them each month.
It’s a positive outcome for the company as the COVID-19 pandemic has shown that eCommerce has grown in importance. At the same time, it’s opened up new revenue streams for the business across its main network but also its other apps like Instagram and WhatsApp.
