Found on Mashable this morning:
Facebook is considering the launch of a local classifieds service, a source told Mashable. Under the proposed system, it would be free to list items in your own network, and cost a few dollars to post to each additional network. (…)
Facebook reportedly has low clickthroughs on ads, so it’s hardly surprising that they’d look to launch a classifieds service which will no doubt be popular with poor students. But it seems odd that they’d make it free: why not charge $1/posting, thus keeping out spam and guaranteeing a nice revenue stream? (…)
What it means: large social networks have reached critical mass and will be looking at additional revenue sources to improve their top and bottom-line. Classifieds are a natural extension as it’s one of the best way to monetize C2C (consumer-to-consumer) relationships.