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Facebook to buy customer service startup Kustomer

SCI & TECH
By Reuters | Nov 30th 2020 | 1 min read
By Reuters | November 30th 2020
SCI & TECH

President, founder and CEO of Facebook Mark Zuckerberg (PHOTO: REUTERS)

Facebook Inc said on Monday it would buy customer service startup Kustomer, as the world’s largest social network forays further into e-commerce.

Financial details of the deal were not disclosed.

The Wall Street Journal, which first reported about the acquisition, said the transaction valued Kustomer at $1 billion.

Kustomer allows businesses to aggregate customer conversations from various channels into a single-screen, and also to automate some of the responses to buyers. The firm already offers its services on Facebook Messenger and Instagram.

Earlier this year, Facebook launched Shops, a service that allows businesses to display and sell products across its platforms.

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