Secondhand marketplace letgo expands into video listings
https://techcrunch.com/2018/07/26/secondhand-marketplace-letgo-expands-into-video-listings/
Letgo, the secondhand goods marketplace valued at over a billion dollars, this week announced the launch of new features aimed at helping sellers: video listings and automatic pricing suggestions that leverage image recognition and A.I. technologies. Sellers will now be able to point their smartphone camera at something they want to sell using this new feature, which letgo is calling “Reveal,” in order to find out what their item is worth. This is based on insights from letgo’s database of hundreds of millions of listings. the company says.
At launch, potential sellers will be able to use Reveal to get a general idea about what something sells for, and how high current demand is for similar items. They can then decide to sell it with just a tap, and letgo will suggest further details like title, price, and category. The feature is similar in that respect to technology competitor eBay launched in its app earlier this year – however, it required a barcode scan to do so.