I also see many uni kids flipping their textbooks and other small belongings on it, because it's really easy and right there in the app everyone looks at all the time. It also targets location, so uni kids living on campus sell directly to other uni kids living on campus and so exchanges become trivially easy.
It may not have disrupted the US market, but it's certainly had an impact elsewhere.
I offload items I don’t want anymore via Craigslist in the US. I try to give away or sell items at a low cost to reduce the hassle and time that I have to invest (a great deal is less likely to turn into a person who cancels at the last minute after I’ve set aside time to meet). For items with a cost, the majority of emails are insulting low bids.
Glad to know this isn’t a local / regional issue.
"Craigslist will generate revenue of almost $700 million this year [full year 2016], with a profit margin around 80 percent — making it the most profitable classified advertising site in the world, the AIM Group reports in its Global Classified Advertising Annual."
"it managed to increase revenue by 75 percent in 2016 over the estimated 2015 total"
https://aimgroup.com/2016/11/29/craigslist-revenue-soars-aga...
Story from May 2017 talking about how well they're doing:
https://www.forbes.com/sites/ryanmac/2017/05/03/how-does-cra...
The AIM Group's long term chart on Craiglist's estimated revenue, year by year:
https://i.imgur.com/cAwd2T3.jpg
Obviously we'll see how Craigslist fairs over a longer period of time vs Facebook market. However, Craigslist is a free listing service for the typical user, as such Facebook is a modest threat - people can trivially list on both services.
imho this has always been the ace up FB's sleeve in terms of monetization and justifying their market cap.
