Facebook Is Opening Its Marketplace to Retailers

Expanding on its Craigslist-like platform.

Tech
1,865 Hypes 0 Comments

After launching its Craigslist-like marketplace more than a year ago, Facebook has announced that it is expanding the platform by allowing different retailers and vendors to sell their products through the social media network. Facebook’s Head of Marketplace Deb Liu told Recode that the new initiative is an effort to increase product selection and improve the quality of what’s being sold on the market.

We’ll kind of look and see what’s popular, what people want to engage with, so if people are searching or looking for something, we want to make that available to them.

According to Engadget, some of the products that will be included in the new look marketplace will include event tickets, real estate listings and other products from authorized retailers. Although some of these are already available on Facebook, everything will now be covered under the new marketplace. Despite taking this new step, Liu says the company is still looking for ways to expand the selling platform.

Eventually, we could go in a number of different directions [with payments], but right now we’re really trying to figure out, ‘How do you actually drive engagement between people and businesses, people and other people locally?’ That’s how we really think about the product.”

Expect to see some new professional products roll into your city’s Facebook marketplace in the near future. For more on Facebook, read up on the company’s new “Watch” feature designed to compete with YouTube.

Read Full Article

What to Read Next

Facebook Is Reportedly Preparing To Change Its Name
Tech 

Facebook Is Reportedly Preparing To Change Its Name

To reflect its shift into building out the metaverse.

Facebook Changes Its Company Name to Meta
Tech 

Facebook Changes Its Company Name to Meta

As part of its new focus on the metaverse.

Will Facebook’s Name Change Help Its Reputation?
Tech 

Will Facebook’s Name Change Help Its Reputation?

Facebook’s company name is now Meta. Experts say this might just be a distraction from its bigger issues.


Facebook Is Shutting Down Its Facial Recognition System
Tech

Facebook Is Shutting Down Its Facial Recognition System

And deleting 1 billion people’s faces from its archive.

Reebok Unveils the Club C 85 Overbranded in "Hunter Green"
Footwear

Reebok Unveils the Club C 85 Overbranded in "Hunter Green"

A clean leather finish.

Nike Dresses the Air Max 1 Jewel in "Dusty Peach" Leather
Footwear

Nike Dresses the Air Max 1 Jewel in "Dusty Peach" Leather

One of the best-ever jeweled Swoosh drops?

'Tekken' Is Coming to iOS & Android
Gaming

'Tekken' Is Coming to iOS & Android

Pre-register now for bonus in-game content.

Nike Releases the Air Max Plus TN Ultra in Burgundy
Footwear

Nike Releases the Air Max Plus TN Ultra in Burgundy

A fresh look for the old-school runner.

The Vision Mercedes-Maybach 6 Gets a Cabriolet Update
Automotive

The Vision Mercedes-Maybach 6 Gets a Cabriolet Update

Mercedes brings a soft top to its gorgeous luxury concept.


BAPE Drops a New Collection of BAPEX Watches
Watches

BAPE Drops a New Collection of BAPEX Watches

1st Camo comes to the Type 3.

Call Me 917 Releases A New Set of Tees, Hats & Decks
Fashion

Call Me 917 Releases A New Set of Tees, Hats & Decks

And a pin, too.

Nike's Air Footscape NM Gets a "Dragon Red" Makeover
Footwear

Nike's Air Footscape NM Gets a "Dragon Red" Makeover

Highlighted by a fiery red denim-like upper.

A McLaren F1 Just Sold for an Insane Amount
Automotive

A McLaren F1 Just Sold for an Insane Amount

Not one million, not two million, not three million…

Ceeze's Custom Nike SF-AF1s Are a Play on The "Join or Die" Slogan
Footwear

Ceeze's Custom Nike SF-AF1s Are a Play on The "Join or Die" Slogan

With a full color snake.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.