Facebook is suddenly paying dearly for big misses on shopping and video

The new duopoly maybe be Google and Amazon

Here are some fun headlines and quotes from circa 2011-12:

• “5 Reasons the Time for F-commerce is Now” - Adweek

• Facebook Just Opened The Door To A Social Commerce Function That Could Be MASSIVE - Business Insider

• It’s a matter of time—within the next five or so years—before more business will be done on Facebook than Amazon” Sumeet Jain, Principal, CMEA Ca…