Facebook Shops Opens For Small Businesses: Is It An Answer To Prayer Or Too Good To Be True?

The coronavirus shutdowns have decimated small and midsized businesses (SMB). One-third of SMBs in the U.S. never expect to reopen, according to an April State of Small Business report that surveyed nearly 40,000 small business owners and managers conducted in part by the World Bank, the Organisation for Economic Co-operation and Development (OCED), and the Small Business Roundtable.

To the recuse comes the lead partner in the State of Small Business survey, Facebook, which just announced the launch of Facebook Shops to allow businesses to sell products not only advertise on its platform.