"The world's largest social media company is betting that the collective memory of the internet is rather short. Facebook started a similar service -- also called Marketplace -- in 2007, but it never took off and was offloaded to a third party called Oodle in 2009.Facebook Launches a Craigslist Competitor, Again - Bloomberg
Things may be different this time. For one, the old Marketplace worked only on computers and the majority of Facebook’s users are now on mobile devices, which Craigslist doesn’t even make an application for. Phones also give Facebook better location data, so they can match people with buy-and-sell opportunities in their area."
Tuesday, October 04, 2016
Facebook Launches a Craigslist Competitor, Again - Bloomberg
See Introducing Marketplace: Buy and Sell with Your Local Community (Facebook Newsroom) for more details