Facebook Inc. is making a major bet that the future of social media will be centered around private messaging and chats in small groups, rather than the public sharing of photos and messages that the company pioneered. Facebook plans to offer encrypted messaging across all of its major products and allow people to make private conversations ephemeral. It will also develop products that it can offer within those messaging services—such as payments and e-commerce—that will allow it to pivot away from the ad-supported business...

Source: Wall Street Journal March 06, 2019 19:17 UTC