MySpace to compete with Craigslist and newspapers for classifieds
By Erina Lin, Tuesday 29 July 2008 at 22:10 :: Competition :: #2014 :: rss
MySpace will relaunch its classified-listing section on Monday through a partnership with Oodle, CNET reported Monday.
Though it's no Craigslist, MySpace said its existing classifieds section attracts a million visitors per month. With the improved technology from Oodle, the social networking site can better search, filter, and tweak listings, which can draw in more users, CNET reported.
MySpace said one of the new features is that individual users can share listings with friends, called “social commerce,” which could be a place to find things like last-minute concert tickets, and also friends to go to the show with you, according to CNET.
Moreover, other Oodle listings will be also listed along with MySpace's own, which potentially offers an alternative to Craigslist.
“This will mean more than 500,000 new listings every day,” the social networking site said in a statement. This is due to Oodle's extensive reach - the site currently aggregates listings from almost everywhere except Craigslist, including eBay's Kijiji.
Competitor Facebook already has a commerce section, called Facebook Marketplace. Though not one of the most popular features, it might outperform after a new payment system is launched, which is anticipated sometime in 2009, CNET reported.
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