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Facebook adds free classifieds

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From Times Wire Services

Social-networking site Facebook Inc. will let users post free online classified ads, creating new competition for EBay Inc. and newspapers.

Facebook users can post listings in categories including items for sale, housing and jobs. The Marketplace feature also lets members add photos of the items, the Palo Alto-based company said. The Facebook classified ads are the latest challenge to newspapers, which have lost revenue to free sites such as Craigslist.

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