Browse Definitions :
Definition

Facebook Marketplace

Facebook Marketplace is classified-ad section of the social network that specializes in helping individuals and businesses sell items locally. Marketplace is Facebook’s expansion into markets to compete with services like eBay and Craigslist.

Facebook leverages the Marketplace through its social network. Facebook users often already have an account and there is no need to download another app. Users can quickly get set up to buy or sell from their existing accounts. This capacity makes it easy for people to quickly check what is available on the Marketplace and make easy purchases. It may also tempt other marketplaces to tap into a large new avenue, possibly drawing in new users who have previously avoided Facebook. For sellers, a vast audience of 2.2 billion users and the ease for users to browse while already on Facebook are big draws.

While in some cases having sales tied to existing accounts can help accountability, as always the buyer must beware. Like other marketplace sites where it is easy and free to set up a profile, some unscrupulous individuals may set up accounts specifically to defraud other users. As of this writing, there is no rating system for sellers and buyers only have the option to report sellers for items sold not as advertised. There is some inherent security in using Marketplace through their Facebook profiles as users don’t have to give their email addresses or phone numbers for communication.

This was last updated in July 2018

Continue Reading About Facebook Marketplace

SearchCompliance
  • OPSEC (operations security)

    OPSEC (operations security) is a security and risk management process and strategy that classifies information, then determines ...

  • smart contract

    A smart contract is a decentralized application that executes business logic in response to events.

  • compliance risk

    Compliance risk is an organization's potential exposure to legal penalties, financial forfeiture and material loss, resulting ...

SearchSecurity
  • hardware security module (HSM)

    A hardware security module (HSM) is a physical device that provides extra security for sensitive data.

  • buffer overflow

    A buffer overflow occurs when a program or process attempts to write more data to a fixed-length block of memory, or buffer, than...

  • biometric verification

    Biometric verification is any means by which a person can be uniquely identified by evaluating one or more distinguishing ...

SearchHealthIT
SearchDisasterRecovery
  • What is risk mitigation?

    Risk mitigation is a strategy to prepare for and lessen the effects of threats faced by a business.

  • change control

    Change control is a systematic approach to managing all changes made to a product or system.

  • disaster recovery (DR)

    Disaster recovery (DR) is an organization's ability to respond to and recover from an event that affects business operations.

SearchStorage
  • What is RAID 6?

    RAID 6, also known as double-parity RAID, uses two parity stripes on each disk. It allows for two disk failures within the RAID ...

  • PCIe SSD (PCIe solid-state drive)

    A PCIe SSD (PCIe solid-state drive) is a high-speed expansion card that attaches a computer to its peripherals.

  • VRAM (video RAM)

    VRAM (video RAM) refers to any type of random access memory (RAM) specifically used to store image data for a computer display.

Close