Ebay finds a new lane to compete in the market place
Ebay has found a new lane to compete in to be a much stronger competitor in the online marketplace. Forging a relationship with Meta, Ebay is now able to advertise on Facebook marketplace.
In a 2024 article, Business Insider reported during an average month Facebook has 1.228 billion people utilizing their Marketplace. Yahoo Finance has also reported in a June 2024 article that, “Marketplace had more than 15 times more monthly active users (MAUs) than Craigslist in 2017 — 800 million versus 55 million.”
In that same article Yahoo Finance shared that Amazon Marketplace had 310 million users in 2023, and Ebay had a usage of 130 million. Ebay was the worst performing ecommerce platform available.
This new relationship with Meta helps elevates users of Ebay on a much larger platform that is beneficial for both sellers and buyers.
