Friday, November 2, 2012

Facebook Set to Take On Craigslist With New Service

There are strong rumors that Facebook is creating a new online "classifieds" service to compete with Craiglist  According to insiders, the project is a priority for the web giant and its development has been fast-tracked so that it can be rolled out asap.

Supposedly called "Facebook Marketplace", the classifieds tools will allow users to create short ads that can be broadcasted to their list of friends. It will allow you to sell your furniture, rent out a guest house, or fill a job position using the power of your FB friends' news feed notifications.

The service is similar to Facebook's "promoted posts" feature and, according to the rumors, will cost less than $5 per ad (some type of ads will be free). The classified ads will "stand out" in friends' news feeds in order to increase views. They can include several photos as well as links to external web pages.

Maybe the most interesting feature of the new service is the ability for friends to share, re-post, and tag the ads with people who aren't in your personal list of contacts. So your new roommate could be the friend of a friend of yours who happens to live in the same city. And you could also make several friends/contacts whether a "sale" occurs or not.

There is also a very interesting "projects" feature that will help people source help with news projects, ventures, and start-up businesses. It will be similar to Craigslist's "Gigs" section and it could be the most powerful part of the new project. In the future we may see dozens of new Facebook start-ups being launched every day!

Learn some mo': Facebook seeks to offer alternative to Craigslist, utilizing user networks

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