Facebook is quietly setting the stage for an unprecedented new chapter in its business (FB)
Facebook is doubling down on its payments and ecommerce business.
An array of newly announced or planned products could help it grab a slice of a hugely lucrative industry and bring in tens of billions in revenues.
And the move will help Facebook diversify away from its controversial (but profitable) advertising business at a time of unprecedented uncertainty and scrutiny for the company.Facebook wants to get inside your wallet.
The Silicon Valley social networking giant is doubling down on its
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