Craigslist... The Beginning Of The End?

[Guest Tampa Yankee]

EBay Buys 25 Percent Stake in Craigslist

 

I doubt that Ebay will be sated with a quarter of the pie. Given what they have done to their adult auction segment and to Paypal will Craiglist survive as we know and love it?

 

 

http://story.news.yahoo.com/news?tmpl=story&cid=562&ncid=738&e=6&u=/ap/20040813/ap_on_hi_te/ebay_craigslist

[tedbear]

>Given what they have done to their adult auction segment and

>to Paypal will Craiglist survive as we know and love it?

 

Several years ago, eBay bought OnlineAuctions (or something like that) and within months, it was "merged" into eBay". In other words, they simply closed it. Online Auctions was, IMHO, much better than eBay and enabled you to get better deals. I bought a SuperMac (Remember the Macintosh Clones?) for a couple of hundred dollars, plus stereo equipment, monitors, etc. And it was always easier and cheaper than eBay.

 

I use eBay a lot to add to my deco clock and watch collection, but I miss OA. I wish eBay hadn't just bought up the competition just to close it down.

[Spida]

I hope not, they only bought 25% so hopefully it won't be the end. Maybe it is my lack of business saavy, but I have no idea how Craigslist makes money. They do not sell advertisements and they do not charge for posts, I am not sending them money but I do use the list at least once a week if for nothing else just surfing to see what is out there. I love Craigslist and I hope it stays the same, but I seriously doubt it will

[guyinsf]

I also don't understand how Craigslist makes money, but I do believe they charge for one type of listing, perhaps the employment offered section. Perhaps that one section produces enough revenue to keep the thing going.

 

I do expect Ebay to ruin Craigslist if it gets a larger ownership percentage.

[guyinsf]

I also don't understand how Craigslist makes money, but I do believe they charge for one type of listing, perhaps the employment offered section. Perhaps that one section produces enough revenue to keep the thing going.

 

I do expect Ebay to ruin Craigslist if it gets a larger ownership percentage.

[camshaft9]

EBAY AND PAYPAL ARE SHAMEFUL. THEY ATTEMPT TO DEFINE YOUR SENSE

OF MORALITY. THERE IS A HUGE LAWSUIT WAITING TO HAPPEN. ONLY IN

BUSH'S AMERICA IS CENSORSHIP TOLERATED. BEWARE THE CHRISTIAN

COALITION.

[camshaft9]

EBAY AND PAYPAL ARE SHAMEFUL. THEY ATTEMPT TO DEFINE YOUR SENSE

OF MORALITY. THERE IS A HUGE LAWSUIT WAITING TO HAPPEN. ONLY IN

BUSH'S AMERICA IS CENSORSHIP TOLERATED. BEWARE THE CHRISTIAN

COALITION.

[HooBoy]

Hi Camshaft,

 

We welcome your opinions, but they will be easier to read if, in the future, you refrain from using ALL CAPS. Mr. Manners Netiquette guide suggests it appears as if you are screaming. And if you were, please disregard this post.

 

Cheers!

[HooBoy]

Hi Camshaft,

 

We welcome your opinions, but they will be easier to read if, in the future, you refrain from using ALL CAPS. Mr. Manners Netiquette guide suggests it appears as if you are screaming. And if you were, please disregard this post.

 

Cheers!

[guyinsf]

Read in today's San Francisco Chronicle more details about this sale. Turns out that an ex-employee of Craigslist sold his share of the company. The founder (Craig Newman) had apparently given this 25% equity to the employee at some point, not expecting the guy to cash it out to the tunes of millions of dollars. Though Craig has put a good spin on the sale to Ebay, saying that CL is not going to change and that Ebay's association with CL will be mutually beneficial, I also got the sense from the article that Craig would have preferred that this situation had never occurred.

 

As to how CL makes money, it is indeed from the for-profit job postings, which cost $75 in the Bay Area and $25 in New York and LA. CL reported had revenue of $7 million last year, according to its CEO, and became profitable in 1999.

[Guest zipperzone]

>As to how CL makes money, it is indeed from the for-profit job

>postings, which cost $75 in the Bay Area and $25 in New York

>and LA. CL reported had revenue of $7 million last year,

>according to its CEO, and became profitable in 1999.

 

Very intersting statistic - who would have thunk it?

 

I think we tend to underestimate the profit potential of internet sites as we overlook that enormous client base they can generate. They can literally have a world wide clientel whereas we usually think locally.