Facebook recently introduced a new “Marketplace” feature to help formalize local buying and selling on its platform. This was already happening via the “Facebook Groups” section previously, but the new feature puts Facebook in direct competition with established players such as eBay and Craigslist. eBay has plenty to think about now, considering its hasn’t been able to turn around its marketplace sales in the last couple of years and comparable sales of its auctions marketplace have fallen consistently in double-digits since the start of this year.

from Forbes – Tech http://ift.tt/2e1A7iO
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