Facebook (FB) Plans to Expand Its Marketplace Offerings

A generic image of a pen, a calculator and sheets
Credit: Shutterstock photo

Facebook FB announced plans to expand what types of products will be listed in its Craigslist-like Marketplace, including auto and ticket sales.

Launched this past October, Facebook Marketplace facilitates peer-to-peer shopping. Using Facebook profiles, users can find out more information about the person they're buying from or selling to, while its integration with Facebook Messenger allows users to haggle prices and arrange meet-ups.

Facebook has previously limited posting in the Marketplace to individual pages. If a user wanted to buy tickets or a specific item, they would have to visit a company's shopping page. Now, Facebook is allowing businesses to enter the Marketplace directly.

However, Facebook doesn't know exactly which products people will want to buy, so the social media giant will experiment with different offerings before moving into the most popular areas.

"We'll kind of look and see what's popular, what people want to engage with," said Deb Liu, the Facebook VP who oversees Marketplace, in an interview with Recode . "So if people are searching or looking for something, we want to make that available to them."

One such area will be auto sales, with Marketplace featuring local car dealerships. Facebook also intends to integrate real estate listings.

Facebook has not announced if it will be partnering with any specific companies in these areas. But the company has already collaborated with eBay EBAY to offer Facebook users daily deals from eBay directly in Facebook's app, so additional partnerships could happen in the future.

Shares of Facebook closed the day up 0.30% on Friday at $167.41 per share.

4 Surprising Tech Stocks to Keep an Eye on

Tech stocks have been a major force behind the market's record highs, but picking the best ones to buy can be tough. There's a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now - before the next wave of innovations really take off.

See Stocks Now>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

eBay Inc. (EBAY): Free Stock Analysis Report

Facebook, Inc. (FB): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Other Topics


Latest Markets Videos