TECHNOLOGY

Facebook Takes On Ebay And Craigslist With Marketplace Feature

By James F. Peltz
Los Angeles Times

WWR Article Summary (tl;dr) With Facebook’s new “Marketplace”, sellers can post items for sale with attached photos in just a few steps, and buyers can search for products in their local community or in other cities. If a buyer wants an item, they send a direct message to the seller with an offer.

Los Angeles Times

Facebook, looking to take business from eBay and Craigslist, introduced a feature Monday that lets users buy and sell products among themselves.

EBay and Craigslist are formidable targets, with each proving to be resilient and dominant players in the world of online commerce despite rapid changes in technology and competition from various rivals over the years.

But Facebook, with 1.7 billion monthly active users, poses a substantial threat to take some of their market share.

Facebook said its Marketplace will roll out in the next few days to users over 18 in the United States, Britain, Australia and New Zealand. It will be available on the Facebook app for iPhone and Android smartphones and eventually on the desktop version of Facebook.

With Marketplace, sellers can post items for sale with attached photos in just a few steps, and buyers can search for products in their local community or in other cities.

If a buyer wants an item, they send a direct message to the seller with an offer.

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