Craigslist's feelings are hurt
source: http://blog.wired.com/business/2008/04/craigslists-fee.html
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- jcwelker
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Love is so fragile -- here today, gone tomorrow. And so it goes for eBay and Craigslist. What started out as a casual relationship (eBay has a 25 percent, minority stake in the classified site) has turned into an ugly little fight.
EBay launched the first attack yesterday by filing a lawsuit against Craigslist. The claim, though vague, is that Craiglist "adopted measures" that dilute eBay's stake by more than 10 percent. How much money are we talking about? Unclear. But let's assume Henry Blodget's $5 billion estimated valuation of Craigslist is at least in the ballpark. If so, we're talking about reducing eBay's $1.25 billion stake by $125 million.
EBay launched the first attack yesterday by filing a lawsuit against Craigslist. The claim, though vague, is that Craiglist "adopted measures" that dilute eBay's stake by more than 10 percent. How much money are we talking about? Unclear. But let's assume Henry Blodget's $5 billion estimated valuation of Craigslist is at least in the ballpark. If so, we're talking about reducing eBay's $1.25 billion stake by $125 million.
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digitrash
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Craisglist should have thought a bit more before they responded to that "Casual Encounters" post:
"Multi-national Internet auction giant seeks NSA fun with small, philanthropic-leaning classifieds site"
- 4 years ago
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digitrash
