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Report: Facebook moves into eBay territory


Menlo Park, Calif. – As eBay celebrates its 20th anniversary, a new competitor in the online trading market is emerging.

According to the Wall Street Journal, Facebook is making it easier for consumers to use its Groups feature to buy, sell and/or trade goods.

Facebook began allowing users to create “for sale” groups late in 2014. However, the social media giant is no longer requiring creators of for sale groups to obtain its official approval before launching them.

Currently, Facebook does not charge listing or transaction fees in connection with for sale groups. The company has not released information on how many listings or transactions have occurred so far.

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