Business Facebook Enters Online Classified Market

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Facebook has officially entered into the Marketplace feature, in a move that could rival sites like eBay and Craigslist.

The new feature will debut in the US, the UK, Australia and New Zealand, BBC quoted the firm having said that in a blog post.

The new feature puts Facebook in direct competition with increasingly popular local online selling platforms.

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The social media site is already being used for selling and buying via Facebook groups.

"In recent years more people have been using Facebook to connect in another way: buying and selling with each other," said Mary Ku, director of product management said in the company's blog.

Facebook will not be involved in the payment process and will not charge for putting items up for sale at the moment.
 
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