Facebook Marketplace reaches 1 billion users

Facebook Marketplace has one billion users and is quickly becoming a serious e-commerce play for the social network. Challenging the likes of Craigslist and even eBay, Marketplace allows anyone to sell used or new items. It has many advantages, the main one being a lot of Facebook users are already on the service by default and don't need to sign in. It also works for localized sales, where someone in your neighbourhood can simply come and pay you cash for your goods. Facebook also doesn't take a cut of smaller sales unlike eBay, which garnishes a percent of the value of the selling price.