Is Facebook Getting Back Into the Classifieds Business?

Is Facebook Getting Back Into the Classifieds Business?

An old idea could be getting new traction at Facebook, where company leaders are said to be reconsidering the classifieds business. The social network first implemented a system for classified listings called Facebook Marketplace in 2007, but the service was never fully integrated with the site's core features and a short time later was abandoned and handed off to a third party. Now, though, Facebook could be looking to implement a revamped version of Marketplace as a part of a new business strategy.

The Daily cites anonymous sources within the company who say that the new classifieds service would be free to use for some purposes and require a small fee for others. Apartment and job listings would be free, for instance, while selling things like furniture would cost something less than $5.

The new listings would work more like ads and get more prominent real estate on the network than in the past when users had to uncover a specific tab.

A timetable for the new Marketplace is not yet known.

[The Daily via Venture Beat]

Tags: facebook, facebook-marketplace
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