2:24 PM Facebook (FB) is expanding its e-commerce efforts to include the sale of retailer gift cards on its site: Target, Louis Vitton, Jamba Juice, and Olive Garden are the initial partners. A single gift card can hold balances for multiple retailers. The product represents fresh competition for PayPal (EBAY) and Square's offline payment solutions (I, II). During its earnings call, COO Sheryl Sandberg mentioned Facebook is working on a product that can link mobile ads to offline purchases. (more on FB) (Gifts) Read comments
FB price at time of publication: $30.91. Check FB price now »
Focus Articles on FB
- Facebook Earnings: Some Key Concerns Remain Despite Solid Revenue Growth by Dividend Pros
- Facebook's Revenue Per User In North America Is Now 3-4X Europe And Nearly 6X Asia by TechCrunch
- Facebook Remains A Short For 2 Prime Reasons by Stone Fox Capital
Press Releases on FB
- Facebook Reports Fourth Quarter and Full Year 2012 Results (PR Newswire)
- Facebook to Announce Fourth Quarter and Fiscal 2012 Results (PR Newswire)
- Facebook Reports Third Quarter 2012 Results (PR Newswire)
Related Articles on FB
- Stock Watch Thursday, 31 January 2013 by VFC's Stock House
- Search And Site Analytics: Pulling Out Of LinkedIn by Joseph Poma
- Wall Street Breakfast: Must-Know News by Wall Street Breakfast
StockTalk on FB: FB StockTalk | Twitter FB | Twitter $FB | FB Instablogs
Recent Market Alerts on FB: All currents | Earnings | Dividends | M&A | On the move
Transcripts on FB
- Facebook's CEO Discusses Q4 2012 Results - Earnings Call Transcript
- Facebook's CEO Discusses Q3 2012 Earnings Results - Earnings Call Transcript
- Facebook Management Discusses Q2 2012 Results - Earnings Call Transcript
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