New startup looks to be the eBay of the Facebook era

By Associated Press

2:54 p.m. EDT, June 15, 2011

NEW YORK (AP) ? Betting that Facebook's real-identity system is good for building trust in online commerce, a group of Silicon Valley veterans are launching a new shopping service.

Called Copious, it lets people see who they are buying from and selling to, based on their Facebook connections. This way, someone shopping for bike parts can see if anyone they know has bought an item from a particular seller. Or they can see if they are connected through a Facebook friend, friend of a friend, or Twitter.

The service also recommends items based on buyers' Facebook interests and other activities, rather than on previous items they have purchased like Amazon or eBay. It makes money by taking a cut from sellers from the items they sell.

Source: http://feedproxy.google.com/~r/Wghp-MyRights/~3/fUAjmIspMhc/sns-bc-us-tec--techbit-copious,0,4585653.story

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