New ‘community-owned’ social ecommerce platform launches
A NEW 'community-owned' social ecommerce platform has launched, where shoppers get shares every time they make a purchase.
The company claims it will give away up to 90% of its business to shoppers.
It has bold plans to list on the Nasdaq index within 12 months and it wants to compete with tech giants like Amazon.
Remember, investing is a gamble. The value of your shares can go down as well as up and you could lose all your money.
It's also important to do your research regarding fees before you invest as they vary massively.
Shoppers get 20% of the price they pay for items back in shares from WeShop.
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It says that you will get £20 worth of shares in the company if you spend £100 on trainers.
To qualify for the perk you need to download the Weshop app.
WeShop chairman, Richard Griffiths, said: “The way we shop has changed dramatically in the last ten years thanks to rapid advances in technology.
"While we’ve seen the dramatic growth of online shopping platforms – and their profits – none of them are designed to benefit the people who keep them going, the shoppers."
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Brands include ASOS, The Body Shop, B&Q and PCWorld.
