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From 2003 to 2006, it was the exclusive search advertising platform for eBay; when that exclusivity ended, the company opened its platform to all advertisers and publishers. [10] The immediate impact was a major downsize, with just seven employees at one point, [ 11 ] but it then grew 50% in 2008 and reached 80 employees in 2011. [ 11 ]
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Facebook commerce, f-commerce, and f-comm refer to the buying and selling of goods or services through Facebook, either through Facebook directly or through the Facebook Open Graph. [22] Until March 2010, 1.5 million businesses had pages on Facebook [ 23 ] which were built by Facebook Markup Language (FBML).
Facebook’s 40 million daily young adult users ages 18 to 29 in the U.S. and Canada have lingered on the site, many for the sole purpose of browsing the marketplace.
Online marketplace operators have a unique ability to obtain and use in their economic decision making personal data and transaction data, but also social data and location data. Therefore academics have described online marketplaces as new economic actor , or even as a new type of market economy .
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