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News in brief

Facebook closes gifts business

News in brief

Facebook is to close down its gifts service on August 12, Techcrunch reports. “Most of the team has already been reassigned to other commerce initiatives. Those include the Buy button for making ecommerce purchases within Facebook, Auto-Fill for auto-populating your billing info in other shopping apps, and Custom Audiences that let brick-and-mortar merchants retarget Facebook ads to existing customers.”

Filed by Email Sarah Clark nfcworld.com Published • Last updated 1 August 2014, 10:52

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