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The latest Facebook Marketplace scam to watch out for: a scheme that sold rented cars for cash on the online secondhand shopping platform.
Enter Facebook Marketplace: part garage sale, part catalog, full second-hand shopper’s dream. The online marketplace allows Facebook members to sell their new and used items to local buyers.
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In 2007, Facebook introduced the Facebook Marketplace, allowing users to post classified ads within sale, housing, and jobs categories. [75] However, the feature never gained traction, and in 2009, control was transferred to Oodle, the platform powering the functionality. The feature was then eventually shut down in 2014. [75]
A growing number of sites and companies have begun to provide specialized classified marketplaces online, catering to niche market products and services, such as boats, pianos, pets, and adult services, among others. Facebook marketplace provides classified-style services but prohibits the sale of firearms. [8]
Facebook's rapid growth began as soon as it became available and continued through 2018, before beginning to decline. Facebook passed 100 million registered users in 2008, [129] and 500 million in July 2010. [130]