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I'm convinced Facebook Marketplace is Meta's best feature after I furnished my n...

 1 year ago
source link: https://finance.yahoo.com/news/im-convinced-facebook-marketplace-metas-102900962.html
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I'm convinced Facebook Marketplace is Meta's best feature after I furnished my new apartment with used furniture

Samantha Delouya
Sun, November 27, 2022, 7:29 PM·5 min read
Facebook Marketplace
Plants are listed for sale near me on Facebook Marketplace.Facebook
  • Among Meta's many apps and services, Facebook Marketplace has quickly grown to be my favorite.

  • It's a great way to buy good furniture for an affordable price. I prefer it to eBay or Craigslist.

  • One Facebook Marketplace user told me she thinks buying second-hand adds "soul" to her home.

Meta has a trove of products and services that billions of people use daily, including Facebook, Instagram, and Whatsapp, but one, in particular, has grown to become my favorite.

The logos of applications, WhatsApp, Messenger, Instagram and Facebook belonging to the company Meta are displayed on the screen of an iPhone.
The logos of WhatsApp, Messenger, Instagram, and Facebook.Chesnot/Getty Images

And it's not the metaverse: While Meta's recent pivot to the metaverse has been the subject of scrutiny from investors and the corporate world, I'm convinced the company's best product is Facebook Marketplace.

Mark Zuckerberg as an avatar during Facebook or Meta Connect 2022
Mark Zuckerberg as an avatar during Connect 2022.Meta

I've mostly stopped using Facebook as a social network, but I visit facebook.com nearly every day to check out Marketplace.

Facebook Marketplace
Facebook Marketplace has all kinds of housewares listed for sale.Samantha Delouya

Marketplace is a platform on Facebook that allows anyone with a profile to buy and sell goods.

Facebook Marketplace website
Facebook calls Marketplace "a convenient destination to discover, buy and sell items with people in your community."Facebook

It's free to use, but Facebook takes a 5% cut whenever a seller ships an item. Meta doesn't share how much money it makes from the service, though last year, CEO Mark Zuckerberg said that more than 1 billion people visit Marketplace each month.

A photo of Meta CEO Mark Zuckerberg.Facebook/Meta

Recently, Zuckerberg said Facebook Marketplace benefited from supply-chain issues that made it hard for people to buy new items from stores without long wait times.

A shortage of shipping containers contributed to supply chain hiccups in 2020 and 2021.Alex Kantrowitz

It's a great way to buy high-quality furniture for an affordable price, and it's become my go-to source for decorating my new apartment.

This chair retails for $550 on Crate & Barrel's website. I purchased it for $250 in perfect condition.Samantha Delouya

According to the EPA, Americans throw out more than 12 million tons of furniture annually. The problem is likely to worsen as purchases of cheaply-made furniture have escalated since the pandemic.

According to the EPA, furniture in landfills has grown 450% since 1960.LILLIAN SUWANRUMPHA/AFP via Getty Images

Source: The New York Times

By using Facebook Marketplace, I know I'm helping to keep furniture out of landfills - and I prefer using Marketplace for furniture over eBay or Craigslist.

There bar stools were listed for only $20 on Marketplace.Samantha Delouya

Unlike on other selling sites, a user on Facebook Marketplace must have a Facebook profile to use the service, meaning I can attach a face to my interactions.


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