Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
The Pentagon on Thursday said the recent attack on Saudi Arabian oil facilities were "sophisticated" and represented a "dramatic escalation" in tensions within the region.Defenseread more
The flap illustrates the growing distrust of the YouTube community, and willingness to assume the worst in light of unclear communication.Technologyread more
Four years ago Microsoft had just two women on its board. Walmsley is now the fifth.Technologyread more
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
Patrick Shyu, a former tech lead at Google, has posted a series of videos making fun of Facebook, where he worked as a software engineer until last month.Technologyread more
Facebook wants you to shop more on Facebook — and for now, the company says it doesn't care about making money from the transactions it's helping facilitate.
"The way Facebook thinks about monetization is, first, did you have a good experience?" said Mary Ku, Facebook's head of commerce products at the Code Commerce event in Las Vegas Tuesday night. "And then, how can we bring other business into this experience?"
Facebook has tried a bunch of different ways to get people to shop on the site, but it's never been Facebook's strength. That hasn't stopped the social giant from trying, though. Remember Facebook gifts? Or the company's plan to push into buy buttons?
Now Facebook has another new plan: Marketplace, a Craigslist-style product that lets people buy things from, or sell things to, other Facebook users.
Ku, who's been at Facebook for more than three years, is leading the social giant's commerce efforts, which includes the launch of Marketplace. Before joining Facebook, Ku spent nine years at PayPal, where she wore many hats on the product team over the years.
Facebook has been encouraging businesses to buy ads intended to drive users inside their brick-and-mortar stores, encouraging users to order food or buy movie tickets using their Facebook accounts, and offering small businesses a place to upload their product catalogues online.
And as of now, Facebook isn't taking a dime. It offers these products for free in hopes that more people will use them.
Eventually, it might be possible — in fact, probable — that this will change. Facebook will certainly use your shopping data — that you searched for a bike on the site's Marketplace product, for example — to serve you more targeted ads, won't it?
"We're not using the data that way right now," Ku said, but added they could use it for personalization.
Ku says that it eventually hopes to make its marketplace suggestions more personal and relevant for each individual user.
"Everyone shops in different ways," Ku said of all Facebook's shopping products. "The different choices we're giving people [are] about how they shop."
—By Kurt Wagner, Re/code.net.
CNBC's parent NBCUniversal is an investor in Recode's parent Vox, and the companies have a content-sharing arrangement.