6
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

CNET Update: Facebook, Twitter seek out social shopping

About Video Transcript

CNET Update: Facebook, Twitter seek out social shopping

2:53 /

Social-media commerce ramps up as Facebook tests a Buy button and Twitter acquires CardSpring. Meanwhile, Amazon debuts a Netflix-like service for e-books called Kindle Unlimited.

Get ready to go shopping on social media. I'm Bridget Carey, and this is your CNet update. Facebook is testing out a way for you to go shopping while scrolling through your news feed. Some advertisements will have a buy button and with a click, you can purchase the item in the ad. The whole transaction, your credit card info, shipping address, everything, it's all handled inside Facebook. The network says it won't share your credit card into with other advertisers. You may not see the buy button all the time. It's just a test right now offered to some small and medium sized businesses in the US. This is not the first time Facebook has dabbled in online shopping. Remember when you could by actual physical gifts like Teddy bears and chocolates and mail it to your friends? That wasn't very successful. So Facebook gifts now are just digital gift cards, and there were Facebook credits, a currency just for spending money on Facebook but that has been discontinued. Twitter also is starting to get into the social shopping game. Last year it launched a partnership with American Express so cardholders could get discounts by tweeting special hashtags. Amazon started letting you shop on Twitter. If someone tweets out a link to an Amazon product, you can reply with a #AmazonCart to add that item to your shopping cart. Starbucks even let you tweet a cup of coffee. Well a tweet just actually sends someone a five dollar gift card. And as silly as it may sound, Twitter is just getting warmed up. The network required Card Spring. That's the company that links up credit cards with applications for mobile shopping. So as social media companies try to become Amazon. Amazon is trying to take on Oyster. Amazon has officially the Kindle Unlimited Service, where for $10 a month, you can get unlimited access to 600,000 ebooks. And thousands of Audible audio books and you can get them from any mobile device. It's kind of like a Netflix for books and that's exactly what the company, Oyster, offers. Oyster is also a $10.00 a month for unlimited book service. The company, Scribd, also offers all you can read for $9 a month. But what matters most is quality of content because not every bestseller will be found on these services because not all publishers. To work with them. Just like the early days of Netflix, it takes times to get quality titles. Now I should know that this kindle unlimited service is different from what prime members have. Which is Kindle lending library. That just gives prime members one free book at a time on their Kindle. But you know, there is another service out there that can give you free eBook rentals. It's called the public library. That's your tech news update. You can get more details on these stories on Cnet.com, and you can stay updated by subscribing to the podcast or following me on twitter. From our studios in New York, I'm Bridget Carey.

New releases

Tomorrow Daily 090: Bionic boots, future concert tech, Khail chugs Surge, and more
21:29 November 20, 2014
On today's show, we check out a guy who's running in bionic boots, a DJ who's taking his concert experiences to a whole new level,...
Play video
Lexus rolls back the roof of the RC coupe
1:29 November 20, 2014
Dripping in gold paint, the LF-C2 concept previews the next-gen Lexus IS C convertible.
Play video
The 404 Show 1,583: Uber controversy, wearing Oculus Rift for 28 days, no more Jobs movie
37:00 November 20, 2014
Jeff and Iyaz are joined by Stephen Beacham over Skype today while the New York crew irons out the last of the studio bugs. The guys...
Play video
BMW X5 M and X6 M: The dynamic duo
1:25 November 20, 2014
Once again, BMW runs its X5 and X6 models through its M division, coming out with high performance four-wheel-drive SUVs that are...
Play video
The rugged Sonim XP7 is a pricey all-weather workhorse
2:23 November 20, 2014
It isn't pretty, but the rugged Sonim XP7 will survive anywhere you can.
Play video
Ubi challenges the smart home status quo
2:32 November 20, 2014
Unified Computer Intelligence Corporation's $299 Ubi wants to turn voice control into a smart home staple.
Play video
2016 Ford Explorer
1:50 November 20, 2014
One of the original SUVs gets tuned up with more tech, more lux.
Play video
Samsung expects to release flexible and foldable phone this year
4:03 November 20, 2014
Will Samsung add a new member to the Galaxy family in 2014? Google is developing amazing new photo recognition tech and Lollipop is...
Play video