Saturday, August 24, 2013

Facebook Pulls Plug on Physical Goods to Focus on Gift Cards

Facebookgift

Facebook is pulling the plug on its physical gift offerings — which allows users to purchase tangible goods such as stuffed animals, flowers and wine — as a part of a greater effort to focus on gift cards.


The social network is slowly phasing out its physical gifts initiative less than a year after its launch. Instead, it will add more merchants to its Facebook Card — a reusable gift card on which you can keep monetary balances from different retailers. This means you could have $100 at Sephora and $8.25 at Jamba Juice on the same card.



More about Facebook, Business, Retail, Social Gifts, and Virtual Gifts



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