Facebook is offering its members the ability to post free classified ads. Some interesting snippets from the MSNBC article:

  • Facebook has over 22 million members
  • Craiglist processes over 17 million ads per month
  • Real Estate and Recruitment are the most profitable categories for newspaper classifieds.

Apparently, cars and other for sale items are at the low end of the classifieds food chain.

UPDATE: The importance of recruitment is supported by the fact that both Microsoft (Career Builder) and Yahoo (consortium of 176 newspapers) have partnered with newspaper companies for recruiting ads.