Facebook launches into the e-commerce space

Facebook on Monday launched a new online “Marketplace” allowing members of the huge social network to buy and sell with each other. The new feature puts Facebook squarely in competition with local online selling platforms led by Craigslist.

450 million people already visit “buy and sell” Groups on Facebook each month, and now the company is launching a whole tab in its app dedicated to peer-to-peer shipping.

Facebook Marketplace lets you browse a relevancy-sorted feed of things to buy from people who live nearby, and quickly list your own stuff for sale. Integration with Facebook Messenger lets you haggle or arrange a meet-up, and you know more about who you’re dealing with than on anonymous sites like Craigslist thanks to Facebook’s profiles.

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