Will Craigslist Need to Focus on Making Money?
May 16th, 2008 | by James |
Jon Fine from BusinessWeek discusses the key issues behind eBay’s lawsuit against Craigslist. He’s been amazed over the years watching CL “leave many business types red-faced and exasperated.”
The site is in the top 10 of all U.S. sites and has directly hammered the entire newspaper industry with its massive free ad business model.
But with eBay’s financial stake in the privately held company, times are a changing.
Fine continues, “Newmark and CEO Jim Buckmaster seem completely uninterested in selling, or doing anything other than what they’ve done all along, only in more cities, more countries, and more languages.”
But that’s the underlying problem because what Craigslist does directly impacts eBay, due to their part (~25%) ownership. So why would eBay invest in a company “so patently indifferent to many standard business mores?” Read more…
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