AI-Answer
Facebook built Marketplace as a platform for its users to buy and sell goods within their local communities. The idea was to create a more convenient and trustworthy way for people to engage in these transactions, using the social network's existing user base and infrastructure. The company saw an opportunity to capture a share of the growing e-commerce market by leveraging its massive user base and creating a seamless buying and selling experience. Since its launch in 2016, Marketplace has become a significant source of revenue for Facebook and has helped to solidify its position as one of the world's leading technology companies.
Company
Facebook
Skill
Execution