Facebook Launches Shopping Platform 'Facebook Shops' for Small Businesses

Facebook has announced the launch of a new feature, ‘Facebook Shops’, on its platform as an important tool for small businesses to create online stores on Facebook and Instagram.
The new service was launched by Facebook CEO Mark Zuckerberg on 19 May 2020.
Facebook Shops will allow businesses to sell their product both on Facebook and Instagram by setting up storefronts on the apps.
The new initiative will bring more local businesses online and help them to survive amid the coronavirus pandemic, while also creating big new business opportunities for Facebook itself.