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The inside story of Facebook Marketplace
In May, Facebook announced Facebook Shops, a tool to set up online stores on Facebook and Instagram. Shopify is one of the partners, allowing Shopify stores to upload their inventory to Facebook. However, assuming Facebook Shops is successful, this partnership benefits those stores and Facebook, not Shopify.
Juozas Kaziukenas • Shopify’s Pivot to an Integrator
Amazon is a two sided marketplace, made up of:
“Yeah, no sh*t” – you, probably.
What you might not know is that over 60% of the stuff sold on the platform doesn’t actually come from Amazon, but independent sellers. ️
But it wasn’t always like this...
- Buyers
- Sellers
“Yeah, no sh*t” – you, probably.
What you might not know is that over 60% of the stuff sold on the platform doesn’t actually come from Amazon, but independent sellers. ️
But it wasn’t always like this...
- Between 1994 and 2000, everything on the site was sold by Amazon
- In that time th
🥛 Is Uniswap the Amazon of crypto? 🤔
The first major learning that emerged from this research is that, with the exception of one company, every single marketplace that I interviewed constrained their initial marketplace to more quickly get to critical mass.
Lenny Rachitsky • How to Kickstart and Scale a Marketplace Business
Facebook has a long history of attempts to move into payments and commerce, and this latest iteration is happening amid an accelerated transition from offline sales to e-commerce and a softening ad market.