Facebook’s newly added ecommerce features have sent its stocks skyrocketing to record levels as investors dub its retail shift a “significant opportunity”.
Facebook saw its shares jump 8.2 per cent yesterday, marking the third day of growth in a row, seeing its stocks close at a record $303.91 per share.
JMP Securities attributed the sharp rise in value to a the fact that there is a “clear line of site to monetizing” Facebook’s new Facebook Shop section.
