Payments via Facebook Messenger have come to Europe, bringing closer the possibility that online payments will soon become part of Facebook Marketplace. An e-money license in Ireland has now crossed over to Spain via the EU's reciprocal EU agreements.
As with cars, dealers in the U.S. must now pay $5 per boat to list on the popular classified site. The result: less ads, better ROI for dealers.
Mercari, Japan's peer-to-peer trading app, has added another dimension to its "Americanization" with an internship program for top Japanese IT talents in the U.S.. It called the program Bold Internship in USA.
A blog item by Craig Newmark on Huffington Post provides just a little more light about why Craigslist is nothing like an average capitalistic classified company.
Craigslist is "the most profitable classified site in the world," with estimated revenue of almost $700 million in 2016 at a margin close to 80 percent, according to research by the AIM Group.
Mercari, Japan's most popular mobile-only flea market, is generating handsome amounts of revenue in Japan, and this might have given it the confidence to aggressively challenge Craigslist, LetGo and OfferUp in the U.S..
Last month, Facebook attacked Craigslist, LetGo, OfferUp, Gumtree, Trade Me and the “stuff” category of classifieds and marketplaces. Now LinkedIn, Monster, CareerBuilder and hundreds or thousands of recruitment sites have to consider Facebook the next potential disrupter.
Popular classified advertising app LetGo has come to Canada, where a "massive" 70 percent of Canadians have bought or sold secondhand goods, according to LetGo's CEO.
This article was first published in CIR17.19 on October 10, 2016, a client-only report. To receive the bi-weekly Classified Intelligence Report (CIR), go here. Social media giant Facebook finally rolled out its classifieds offering. The announcement last week that it was launching a local marketplaces app in the U.S., U.K., Australia and New Zealand (IPhone and Android for now, desktop to come), did not come...
A stock analyst suggested today that EBay should buy marketplace app OfferUp as a way of dislodging Craigslist as the dominant U.S. classified player. Do you agree?