Facebook overhauls design as it pivots to private messaging
By Katie Paul SAN JOSE, Calif. - Facebook Inc debuted an overhaul of its core social network on Tuesday, taking its first concrete steps to refashion itself into a private messaging and e-commerce company as it tries to move past scandals while tapping new revenue sources. The new design showcases Facebook’s messaging app, online marketplace and video-on-demand site, while giving greater prominence to the popular photo-driven Stories feature. But the field is more diverse for messaging, e-commerce and payments, with big players like Amazon.com Inc, Microsoft Corp and eBay Inc as well as fast-growing Silicon Valley unicorns like workplace messaging app Slack and video conferencing service Zoom Video Communications Inc. “We’ve shown time and again as a company that we have what it takes to evolve,” Zuckerberg said. New shopping and other business-to-consumer interactions, already popular in Chinese social apps like WeChat, could also help squeeze revenue out of Facebook’s messaging services.
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