Facebook wants To Feed You

Facebook wants To Feed You
by is licensed under
Facebook had actually announced the capability back in October, along with other ways to interact with local businesses, such as scheduling appointments for services, getting quotes, and buying movie tickets. The company has been rolling out other features that were announced at that time, but the ability to order food appears to be just now reaching users in small batches.

This is just the beginning

What's less clear is the economics of how ordering food on Facebook works. Does Facebook take a cut of sales, or does it instead receive a small commission for the lead? Will it eventually integrate ordering and build out its own backend?

Local commerce and advertising is an incredible opportunity for Facebook, one that it has worked on addressing for years but still has seemingly little to show for it; big brand advertisers continue to dominate sales. Local businesses' ad budgets generally aren't as large. Facebook should continue expanding its local efforts

It's also worth noting that of all the social media companies, Facebook is afforded the greatest luxury to experiment and expand beyond its core platform. That's because its core ad platform is so strong that it helps subsidize the development of tangential features. Most social media rivals are still either working on solidifying their ad businesses or growing their user bases -- or both.

As in other cases, Facebook can also compete more aggressively in any of these side businesses that it starts, much more aggressively than stand-alone pure-play companies that rely entirely on those spaces, like Grubhub, among others. Facebook could charge lower fees in an effort to promote adoption and establish the behavior of ordering food on the platform.

For the complete article please visit Motley Fool

ABOUT   
                
Dynamic Wealth Research was founded on the principle the world is changing at an ever-increasing pace.  The greatest profit opportunities an investor will ever find are from massive, sweeping changes. Dynamic Wealth Research analyzes and closely follows these changes, keeps its readers on the leading edge of them, and shows you how to be best positioned these anxious, interesting, and ultimately profitable times.
Article Photo Credit: by is licensed under
Thumbnail Photo Credit: by is licensed under

Exclusives

Oil & gas prices are up. But many O&G stocks have yet to follow. Where should investors look for value opportunities?


DYNAMIC WEALTH RESEARCH

Analysis and insights into the newest trends and industries shaping the world and your wealth.

The world is more dynamic than at any time in History.
New Markets are opening up. Technology is accelerating. It’s changing everything.

And creating fortunes in the process.

Dynamic Wealth Research exposes the biggest and most profitable changes for our readers.
SHARE DYNAMIC WEALTH RESEARCH
© 2016 - 2024 DYNAMIC WEALTH RESEARCH, Privacy Policy, Disclaimer