Ebay- VS -Craigslist
#1
Ebay- VS -Craigslist
what are your thoughts: a lot of us use these sites to sell or buy our parts ,etc.
Craigslist fires back, blasts eBay actions as unethical
By AMANDA FEHD, Associated Press Writer
6 HOURS AGO
SAN JOSE, Calif. - Craigslist is firing back at its rival and minority owner eBay, scolding the online auctioneer's actions as unethical and smelling of a hostile takeover.
In a move that pits two of the Internet's most popular sites against each other, EBay Inc. sued the online classifieds company Tuesday, alleging it unfairly tried to dilute eBay's stake in it.
EBay purchased a 28 percent stake in privately held Craigslist in 2004.
But in January, eBay says, Craigslist's board, consisting of founder Craig Newmark and Chief Executive Jim Buckmaster, unilaterally acted to dilute eBay's economic interest in Craigslist by more than 10 percent.
In an entry titled "Tainted Love" that Craigslist posted on its blog Tuesday night, the company said the allegations are unfounded and the lawsuit came from out of the blue.
"Coming from a company that views Craigslist as a prime competitor, filing suit without so much as mentioning these assertions to us beforehand seems unethical, and suggests ulterior motives. ... Ebay has absolutely no reason to feel threatened unless a hostile takeover of Craigslist, or the sale of Ebay's stake in Craigslist to an unfriendly party, is their ultimate goal," the post said.
EBay, the world's largest online auctioneer, was an unsolicited suitor to quirky Craigslist in 2004. An unnamed former Craigslist shareholder sought out eBay and sealed a deal whose financial terms were never disclosed.
At the time, Newmark said the companies had similar philosophies, but a company spokeswoman said, "Craigslist has never sought any outside money, and that's not going to change."
EBay said at the time of the deal that it was interested in learning about the classifieds business, a portion of its own site that's been growing rapidly in recent years.
San Jose-based eBay made $7.7 billion in revenue in 2007 and has 279 million registered users. It is the 17th most popular English-language site, according to traffic ranking site Alexa, while Craigslist ranks 45th.
Craigslist, based in San Francisco, has never disclosed revenue figures. It charges for job ads and apartment listings only in select cities.
Newmark, a former IBM programmer, founded Craigslist in 1995 as a roundup of local events in San Francisco, but the bare-bones site fast became a popular online destination and has branched out to 450 cities worldwide. Although it has always used a ".org" domain name usually associated with nonprofits, Craigslist incorporated as a for-profit company in 1999.
With 25 employees working out of Victorian houses in San Francisco's Inner Sunset neighborhood, the site has grown from 1 billion page views per month in 2004 to 9 billion per month now, according to Craigslist. It hosts 30 million new classifieds a month, most posted for free.
EBay spokeswoman Kim Rubey declined to quantify eBay's current stake in Craigslist.
Much larger eBay, which has 15,000 employees, is asking Delaware's Court of Chancery to negate Craigslist's board's actions.
The complaint is under seal because of confidentiality restrictions, according to a company statement. Craigslist may ask the court to make the complaint publicly available, eBay said.
The lawsuit was announced 45 minutes before stock markets closed Tuesday. EBay's stock closed at $30.89, up 26 cents, then gained a penny in after-hours trading.
i said screw ebay and have been buying and selling on craigslist:YEAH
Craigslist fires back, blasts eBay actions as unethical
By AMANDA FEHD, Associated Press Writer
6 HOURS AGO
SAN JOSE, Calif. - Craigslist is firing back at its rival and minority owner eBay, scolding the online auctioneer's actions as unethical and smelling of a hostile takeover.
In a move that pits two of the Internet's most popular sites against each other, EBay Inc. sued the online classifieds company Tuesday, alleging it unfairly tried to dilute eBay's stake in it.
EBay purchased a 28 percent stake in privately held Craigslist in 2004.
But in January, eBay says, Craigslist's board, consisting of founder Craig Newmark and Chief Executive Jim Buckmaster, unilaterally acted to dilute eBay's economic interest in Craigslist by more than 10 percent.
In an entry titled "Tainted Love" that Craigslist posted on its blog Tuesday night, the company said the allegations are unfounded and the lawsuit came from out of the blue.
"Coming from a company that views Craigslist as a prime competitor, filing suit without so much as mentioning these assertions to us beforehand seems unethical, and suggests ulterior motives. ... Ebay has absolutely no reason to feel threatened unless a hostile takeover of Craigslist, or the sale of Ebay's stake in Craigslist to an unfriendly party, is their ultimate goal," the post said.
EBay, the world's largest online auctioneer, was an unsolicited suitor to quirky Craigslist in 2004. An unnamed former Craigslist shareholder sought out eBay and sealed a deal whose financial terms were never disclosed.
At the time, Newmark said the companies had similar philosophies, but a company spokeswoman said, "Craigslist has never sought any outside money, and that's not going to change."
EBay said at the time of the deal that it was interested in learning about the classifieds business, a portion of its own site that's been growing rapidly in recent years.
San Jose-based eBay made $7.7 billion in revenue in 2007 and has 279 million registered users. It is the 17th most popular English-language site, according to traffic ranking site Alexa, while Craigslist ranks 45th.
Craigslist, based in San Francisco, has never disclosed revenue figures. It charges for job ads and apartment listings only in select cities.
Newmark, a former IBM programmer, founded Craigslist in 1995 as a roundup of local events in San Francisco, but the bare-bones site fast became a popular online destination and has branched out to 450 cities worldwide. Although it has always used a ".org" domain name usually associated with nonprofits, Craigslist incorporated as a for-profit company in 1999.
With 25 employees working out of Victorian houses in San Francisco's Inner Sunset neighborhood, the site has grown from 1 billion page views per month in 2004 to 9 billion per month now, according to Craigslist. It hosts 30 million new classifieds a month, most posted for free.
EBay spokeswoman Kim Rubey declined to quantify eBay's current stake in Craigslist.
Much larger eBay, which has 15,000 employees, is asking Delaware's Court of Chancery to negate Craigslist's board's actions.
The complaint is under seal because of confidentiality restrictions, according to a company statement. Craigslist may ask the court to make the complaint publicly available, eBay said.
The lawsuit was announced 45 minutes before stock markets closed Tuesday. EBay's stock closed at $30.89, up 26 cents, then gained a penny in after-hours trading.
i said screw ebay and have been buying and selling on craigslist:YEAH
#2
Re: Ebay- VS -Craigslist
I sell and buy everything off craigslist, all my items I've listed on craigslist has sold in a matter of a day or two. No fee's you have to pay for posting an ad or selling anything. And you still have the option of Paypal so you can search the US instead of just your area for things to buy if the owner is willing to use paypal, which most of them are. :YEAH
#4
#6
Re: Ebay- VS -Craigslist
What do you expect from Craigslist... it's free. Not much they can do when it comes to it's layout. But Craigslist is still very sketchy and I have NEVER bought anything off of Craigslist that was out of state or somewhere that I couldn't drive to within say 2 hours or something.
#9
Re: Ebay- VS -Craigslist
What do you expect from Craigslist... it's free. Not much they can do when it comes to it's layout. But Craigslist is still very sketchy and I have NEVER bought anything off of Craigslist that was out of state or somewhere that I couldn't drive to within say 2 hours or something.
#10
Registered User
Joined: Apr 2008
Posts: 21
From: Florence twp.
Re: Ebay- VS -Craigslist
i been buying off craiglist for some time but never bought stuff out the country -- thats usually a scam
ebay i bought stuff out of the state and it came to me broken
craigslist is the way to go
ebay i bought stuff out of the state and it came to me broken
craigslist is the way to go
#11
Re: Ebay- VS -Craigslist
Craigslist is wierd... i use ebay for hundreds of transactions (buying & selling) and never had a problem. Let them have insertion fees, just tack on .50 to your shipping fees and it's covered.
I don't want wierdos contacting me... just bid, and if you win it's yours, now gimme the $
I don't want wierdos contacting me... just bid, and if you win it's yours, now gimme the $
#12
Re: Ebay- VS -Craigslist
craigslist 4 life!
ebay blows with all their stupid policys/ accounts/ auctions wtf..
but i'm in california craigslist is the **** out here.. its not really boomin as hard anywhere else
ebay blows with all their stupid policys/ accounts/ auctions wtf..
but i'm in california craigslist is the **** out here.. its not really boomin as hard anywhere else
#15
#16
Re: Ebay- VS -Craigslist
I like both of em.
most of time you wont be able to find a parts on what ebay has to offer...if u found one on craigslist then u r lucky.
its easy to do this **** buy & sell on craiglist with no charges but ebay is more secure with paypal n all that bs stuff.
i say craigslist over ebay but if u dont find one then go to ebay. thats about it.
most of time you wont be able to find a parts on what ebay has to offer...if u found one on craigslist then u r lucky.
its easy to do this **** buy & sell on craiglist with no charges but ebay is more secure with paypal n all that bs stuff.
i say craigslist over ebay but if u dont find one then go to ebay. thats about it.
#17
Re: Ebay- VS -Craigslist
I sold my vr4 rather quickly when I put it on craigslist. Same for my 240sx, so it is pretty good to sell **** if you want to avoid those gay ebay fees. But I still sell on Ebay alot, and I usually dont buy from craigslist. No doubt that you better be careful who you deal with on craigslist, but actually you should be careful with anyone you deal with
#18
Re: Ebay- VS -Craigslist
I Found My Stunt Bike Off Of Craigslist And I've Boughten This Off Of Ebay. I Just Bought Throttle Bodys For My 06 Ninja Off Of Ebay Last Night. They Both Have Their Ups And Downs...but Like He Said, The Fees The Fees The Fees