We are thrilled to share the news that Facebook has chosen us to power Marketplace, their application for online classifieds.

Everyone has things they no longer use that they should give away or sell. Posting to a traditional classifieds site involves meeting strangers, which can be uncomfortable. Emailing all your friends is inefficient and potentially annoying.

This agreement gives us a great opportunity to extend our vision for a community marketplace – a new generation of online classifieds where you can buy, sell and pass along items with people you know or people you at least know something about.

In many cases, you simply want to find a good home for items you are no longer using. In these instances, who you are giving to or selling to is more important than selling to them at the highest price. For example, when a person has extra tickets to a concert, they might prefer to give them to a friend or sell them at a discount to a co-worker. Parents often prefer to give toys their children have outgrown to other parents from their school or neighborhood.

We plan to launch Facebook’s Marketplace in Q1 of 2009. They will be great addition to the Oodle Network. This partnership expands our network of online communities, which includes MySpace and Military.com.