Facebook Just Spent $1 Billion to Monetize Messaging

Adam Levy, The Motley Fool
·3-min read
Facebook Just Spent $1 Billion to Monetize Messaging

Facebook (NASDAQ: FB) has been taking small steps toward monetizing its messenger properties for years with the aim of providing tools to connect businesses to customers. Facebook will pay about $1 billion, according to The Wall Street Journal. With 200 million businesses using various tools offered by Facebook every month, there's a massive opportunity to grow Kustomer and offer more monetized customer relationship tools to businesses.