Facebook’s (FB) Revival Of This Could Finally Take Off

Facebook announced earlier that this week that they will revive their buy-and-sell marketplace Facebook Marketplace, but mobile-only.
If we didn’t have enough reasons to be on Facebook?

In its Facebook Marketplace, Facebook actually has no involvement in the facilitating of a financial transaction; it’s just offering a way for people to list things they no longer want or need.

The first time Facebook launched something similar was in 2007, and there was not a good enough response. In 2008, the company then used startup Oodle to power the platform and “further expand the functionality and breadth of the application.” Finally in 2014, the version was shut down because again, there was not enough of a response.

The Marketplace concept was eventually turned into “For Sale Groups” that allow Facebook users to create groups to buy and sell items online.

Now Marketplace 2.0 is in beta mode, it has been worked on for over a year and will be launching in the US, UK, Australia and New Zealand for now, via mobile. Facebook may roll out a web version and expand globally.

Disclaimer: We have no position in Facebook, Inc. (NASDAQ: FB) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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