Facebook's push to help raise money for charity could indirectly give it a $10 billion boost to its business

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Facebook's charitable giving tool is a trojan horse.

AP Photo/Geert Vanden Wijngaert

Analysts from Deutsche Bank predict that Instagram shopping will generate $10 billion in revenue in 2021. and the investment bank estimates that it could drive $10 billion of additional revenue for the company in 2021 "One ad partner we spoke to noted that Facebook was likely seeing a nice increase in payment adoption driven by increasing use of birthday charity fundraiser on the core [Facebook] platform," the Deutsche Bank analysts wrote."As such, in addition to using the platform for charitable purposes, Facebook stands to build up its roster of payment-enabled users on the platform that can ultimately be leveraged into shopping functionality over time.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

'Charity' is another word for siphoning funds to own's pocket corruption

Who is surprised

United States United States Latest News, United States United States Headlines