Facebook Marketplace Hits 1 Billion Users

Facebook’s push into e-commerce features is starting to pay off. Facebook Marketplace, the Craigslist-like service where users buy and sell with each other, now has one billion users, Mark Zuckerberg shared in an update during the company’s latest earnings call.

He also revealed that there are more than a million Shops, with more than 250 million users interacting with those storefronts each month. Facebook launched the feature, which lets businesses create product catalogs on their pages, last year.

Zuckerberg noted that e-commerce has “become a lot more important” during the coronavirus pandemic.