Facebook Is Just Craigslist Now

Facebook Marketplace has emerged as the dominant feature within the social media platform, amassing 1.2 billion monthly active buyers by 2023 and overtaking eBay as a peer-to-peer selling platform. According to recent data, approximately 16 percent of Facebook's monthly active users now access the site exclusively to participate in Marketplace.

The feature's growth accelerated following the pandemic's supply chain disruptions and subsequent inflation, which increased demand for used goods. Facebook reports that Marketplace is attracting younger demographics who have otherwise abandoned the platform's social features.

This shift represents a fundamental transformation of Facebook's core function from 'digital connector' to 'digital bazaar,' with the platform increasingly hosting transactions rather than social connections.

Read more of this story at Slashdot.