Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Tiktok throws down challenge to Facebook with US ecommerce plans

% of readers think this story is Fact. Add your two cents.


TikTok is planning an expansion into the US market by launching its own ecommerce service in a direct challenge to social media giant Facebook Inc (NASDAQ:FB).

According to a Financial Times report, the video-sharing social media app, owned by Chinese firm ByteDance, has told investors that among a set of new features planned for this year, it will add a tool that lets its more popular users share links to products in return for a commission on any sales.

READ: Apple chief attacks social media as war of words with Facebook intensifies

Another planned feature is also to allows brands to display product catalogues on the platform, as well as livestreamed shopping, a mobile equivalent of TV shopping channels, that will allow users to buy goods by tapping them during a showcase.

TikTok’s plans present a direct challenge to Facebook, which in recent years has also sought to expand into ecommerce both through its Facebook Marketplace feature on its main social network as well as adding features to its Instagram platform that allow users to easily purchase goods.

The app is also targeting improvements to its advertising system, having unveiled a partnership with FTSE 100 ad agency WPP PLC (LON:WPP) at the start of February.

However, TikTok’s regulatory status in the US still remains unclear, with former president Donald Trump having previously threatened to ban the app due to its Chinese ownership. However, it remains to be seen whether the Biden administration will follow suit by taking a hard line against Chinese firms.

Shares in Facebook were down 0.2% at US$267.56 in mid-morning trading in New York on Monday.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/940687/tiktok-throws-down-challenge-to-facebook-with-us-ecommerce-plans-940687.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.