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Facebook Recommits to Ecommerce with new Shopping tools – Top Trending News

Here are the top trending news from the world of technology..check it out.  

1

Now merchants can launch online shops on Facebook and Instagram

Image source: shopcatalog.com

With small and medium businesses facing the worst brunt due to the pandemic crises, Facebook decided to respond to their ordeals on Tuesday by launching free shopping tools. These free shopping tools allow merchants to easily set up online shops, display products and customize looks on Facebook and Instagram. Facebook was already engaged in e-commerce business on a smaller scale and with these features it is again re-committing itself to the online shopping business.

2

One of NASA’s top official resigns ahead of historic SpaceX Launch

Photo Credit: (NASA/Bill Ingalls)

Dough Loverro, Chief of NASA’s human exploration program, has put down his papers. Two things make Loverro’s unexpected departure a bit controversial. First his resignation has come within six months after assuming the position at NASA and second his exit has taken place weeks before NASA is scheduled to launch its first astronaut in nearly a decade by using Spacex’s new crew dragon spacecraft.

3

Spotify inks exclusive deal with Joe Rogan Show – one of America’s most popular podcast shows

Image source: Flickr

The Joe Rogan Experience – one of the most popular podcast shows in the world – will become Spotify exclusive later this year. The details of the deal have not been disclosed but the deal will give Spotify a competitive edge over its rivals – Apple as well as Youtube. Over the years, Spotify has been aggressively pursuing its podcast ambitions. Joe Rogan is one of the most popular Youtube podcaster and boasts millions of downloads every month.

4

Walmart’s $3Bn acquisition has gone into drain  

Image source: Flickr

Retail giant Walmart has reportedly decided to pull the plug on Jet.com, an online marketplace that it acquired for a whopping $3 Bn in 2016. Jet.com has been showing continuous losses since its acquisition and has reportedly not even shown a faint sign to achieve profitability. Jet.com’s closure marks Walmart’s yet another failure to make a dent in the e-commerce business.

5

Youtube targets TV advertisers with new program

image source: Flickr

Youtube on Tuesday rolled out a new advertising program ‘Youtube Select’ that is mainly meant for targetting TV advertisements. This new program allows companies to buy ad space for Youtube channel streaming on TV and Youtube TV – Youtube’s official live TV service. The new service has been launched at a time when TV viewership is expected to skyrocket due to the lockdown period.

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