eBay Buys One Quarter Of Craigslist
from the and,-then-again... dept
We had just been mentioning the ridiculous notion that Craigslist might want to go public, and suddenly... they've sold one-quarter of the company to eBay. That was fairly unexpected, because from everything that had been said, they didn't need much in the form of additional working capital. The article discussing the deal points out that both companies are built up around loyal communities, but I'm not sure the two communities are all that similar (even when they overlap). In fact, it's not surprising that some folks on Craigslist seem unhappy with the deal (though others think it's wonderful). Craig, himself, has an interesting explanation of the deal, which suggests they didn't really need the working capital, but through a set of somewhat random events, the offer came about and made sense. Should be interesting to see what comes next.
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Wow...
I suppose it could just be a liquidity event.
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Say this say that
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no capital to CraigsList
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good move on their part
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Re: Say this say that
dorpus said something that made sense and is probably right.
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Re: Say this say that
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Re: Say this say that
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Talked to Craig last week...
I talked to Craig last week at a MySQL party @ LinuxWorld. I've known him for a few years and he told me he was meeting with lawyers to deal with some long-standing, unhandled business issues that we now rearing their ugly head.
Apparently, this is what he was referring to. He was pretty upset about having to deal with this, but it seems to have been resolved for the best.
Chris.
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Re: Say this say that
Or one could actually read about what is happening and realize exactly how astoundingly ignorant your comment is. Once again showing what a uninformed bafoon Dorpus is.
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