With its e-commerce business generating more than $240 billion a year and still growing fast, one would think Amazon.com doesn’t leave room for many others. Facebook rightly thinks otherwise. The social-networking giant announced its new Shops e-commerce initiative on Tuesday. The venture would allow small businesses to easily set up their own e-commerce stores on the Facebook and Instagram platforms. It also would allow businesses already using other e-commerce platforms such as Shopify to link to those sites, thus taking...

Source: Wall Street Journal May 20, 2020 18:58 UTC