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Mark Zuckerberg says Facebook’s future involves making billions from shopping, not just ads

  • Facebook CEO Mark Zuckerberg said Wednesday that its shopping and payment services across Facebook, Instagram, and WhatsApp would become leading revenue drivers in the future.
  • The company plans to build more commerce-related features and add additional tools that allow people to buy products directly through its platforms.
  • It also plans to expand the ways in which customers can pay businesses via its messaging apps.

Facebook is betting on its shopping and payment services to drive growth in the future.

In a call with investors on Wednesday, after reporting first-quarter 2019 earnings that beat Wall Street’s expectations, CEO Mark Zuckerberg laid out the company’s plans to drive growth in the future. Zuckerberg was quizzed by analysts on whether Facebook, which also owns Instagram and WhatsApp, would look to its shopping and payment features to do so.

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