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Facebook unveils online shopping venture, EU recovery fund, SoftBank’s future

Facebook unveils online shopping venture, EU recovery fund, SoftBank’s future

Facebook has unveiled a shopping service that puts it in direct competition with Amazon and eBay, and a €500bn EU recovery fund put forward by Germany and France is facing some resistance. Plus, SoftBank announced a record $13bn annual loss earlier thi...

FT News Briefing · Forhecz Topher

May 20, 202010m 5s

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Show Notes

Facebook has unveiled a shopping service that puts it in direct competition with Amazon and eBay, and a €500bn EU recovery fund put forward by Germany and France is facing some resistance. Plus, SoftBank announced a record $13bn annual loss earlier this week. The FT’s Tokyo correspondent, Kana Inagaki, explains what is next for founder Masayoshi Son. 


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