Trade Me and Facebook square off

Trade Me has a new competitor (of sorts). Could the 800-pound gorilla of social media crush the Kiwi classifieds site?

In March last year British classifieds website Gumtree – owned by eBay – pulled out of New Zealand. The reason was unstated but clear as crystal – Trade Me is just too dominant. If Kiwis want to sell stuff, they know there will be more buyers on Trade Me, even if it costs them about 8% of the sale price.

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