The Daily is reporting
that Facebook Inc(NASDAQ:FB) is experimenting with a new feature, a new
classified ad service that could directly challenge Craigslist.
The Daily quotes two
sources within Facebook, who independently told the site that the classified
ads project is going fast track. It is tentatively being referred to as
Marketplace. The name has been taken from a long dead Facebook project. It is
intended to allow users to post ads that would appear in the news feeds of
other users.
The scheme supposedly
would borrow concepts in some ways from the Promoted Posts of Facebook, in the
ways that users many have to shell out a small fee. The Daily said the amount
may be as little as $5 to post most adverts. The ads are supposed to pop up in
the feeds of friends.
The joy of Craigslist
is that is can be used for a plethora of purposes, like hiring a casual worker,
selling a car or renting out a room. The Daily suggest that Facebook’s new
Marketplace would not be any different, although it also thinks that there
might be some dissimilarity in terms of resulting posts and charges, depending
on the ads.
The Daily says that the
posts for housing for individuals would be free of cost and let users to tag
their friends as a suggestion. The jobs board could become the most active part
of the Marketplace app among the young professionals as it will allow them to
share career aspects with their friends. Much like housing, the posts can be
restricted geographically, and also in terms of other criteria.
There seems to be
discussion taking place within Facebook regarding a Projects section, much like
the Gigs in Craigslist, which would let people to share information, probable
future ventures and general ideas.
There has been no news
regarding the time Facebook decides to roll out this new feature.
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