Facebook to Release Craigslist Like Feature, Marketplace

The video discusses the evolution of Facebook Marketplace, highlighting its shift to mobile platforms as most users access Facebook via mobile phones. The new iteration has been tested for over a year, with significant user engagement within Facebook groups. Although transactions don't occur directly on Facebook, the platform aims to familiarize users with ecommerce, potentially opening future opportunities. The impact on competitors like eBay is noted, and Facebook's past ecommerce attempts are reviewed, with cautious optimism for the new Marketplace's success.

What challenges has Facebook faced in the e-commerce space?

What are the expectations for the new iteration of Facebook's marketplace?