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The Internet The Almighty Buck

Ebay Buys Into Craiglist 171

unboring writes "The news out today morning is that eBay has bought a minority stake in Craigslist. Here's Craig's take on the whole issue. For those unaware of Craigslist, it was launched by Craig Newmark in 1995 in San Francisco, and is an online network of classified ads and forums aimed at people looking to find an apartment rental, meet friends or trade goods. For those unaware of eBay, get out from under that rock! Google news stories for your convenience here. So will Craigslist now become more corporate/evil? Personally, I've benefited a lot from Craigslist classifieds and I hope it doesn't lose its attitude."
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Ebay Buys Into Craiglist

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  • Ebay takes the hook? (Score:3, Interesting)

    by lukewarmfusion ( 726141 ) on Friday August 13, 2004 @04:28PM (#9962844) Homepage Journal
    The other day we read a story claiming that there's so much IPO interest for craigslist, and the response from Craig is that they're not interested. What interests me, however, is that the article claimed that there was so much money in Craigslist ($25 million or more!). While I'm extremely skeptical about such an estimate, I have no doubt that they're doing quite well.

    I'm thinking that eBay was either thinking along those same lines or they were convinced by the article's claims.
  • by otisg ( 92803 ) on Friday August 13, 2004 @04:46PM (#9963016) Homepage Journal
    I think this is a prime example of 'The Return of the Bubble'. Yahoo buying Outpost, Microsoft buying Lookout, EBay getting 25% of a 14-people, $25M/year business... where do yo uwant to go today? Your trading account site, I suggest.
  • by RabidPuppetHunter ( 620593 ) on Friday August 13, 2004 @04:54PM (#9963099)
    I've used Craigslist to sell loads of stuff very successfully. I prefer it because it allows me to sell things locally eliminating the need for shipping, and concerns with payment. I've sold everything so far with a "look at it, test it, if you like it pay cash" model. No frills ad, FREE and annonomous email. Simple and effective. I trust cash. No disatisfied buyers yet.

    I've avoided ebay because I prefer local not global. I may be the only one that does not trust a buyer I do not meet. Ebay is not free or allowing annonomous email.

    My hope is Craig keeps it simple and free. I still have lots of stuff I plan to sell and do not need the hassles of ebay. I doubt ebay can effectily morph to meet local and face to face transactions. certainly not for free...
  • by rhizome ( 115711 ) on Friday August 13, 2004 @05:41PM (#9963513) Homepage Journal
    Being a for-profit company or owned by big corporation is not necessary a bad thing. People need to make a living and an office need money to run. Even slashdot.org a fervently independent outlet is now owned by VA Software. But craigslist has made a name of itself by strongly resist to commercialize.

    This is a hodgepodge and makes no sense. Craigslist is already supporting 11 people's livelihoods and, last I checked, they were working in an office. Who then do you mean by "People"? Nobody's talking about CL being owned by anybody yet, but it's ominous that eBay will be able to affect the direction of Craigslist at all. Craigslist's resistance to the profit motive has had nothing to do with their ability to make living working on a website that is so useful to so many.
  • Re:eBay you say? (Score:5, Interesting)

    by Anonymous Coward on Friday August 13, 2004 @06:01PM (#9963671)
    AAAAAAAAAAA+++++++++++------ZZZZ!!!!!!!!!!!

    Seriously, what kind of mouthbreathing moron does it take to post something like that on someone's feedback as if they really think it's helpful or even makes any sense?

    I've always wondered how eBay turns otherwise courteous and intelligent individuals into blibbering sheep while they're entering feedback.

    These people can write coherent, useful descriptions of items, communicate fine via email, and then they leave you a comment like the what the parent listed above. I don't get it.
  • Terms of service (Score:2, Interesting)

    by Anonymous Coward on Friday August 13, 2004 @07:04PM (#9964081)
    Craig's list is a great site. I've used it quite a few times, and I've pitched in to point out some errors in the past, as well as problems with the database that the admins didn't notice. About 2 1/2 months ago, I was posting an ad, and came across the new (huge) screen where you have to agree to the terms of service before you can finish the posting process.

    OK, fine. Terms of service. What else is new? Thanks to the size of the screen, I bothered to read it. Apparently, some /.'ers have problems with some abusive terms of service for other [slashdot.org] services, since they've appeared right here on /. [slashdot.org]

    After reading the terms however, I got pretty hot, and posted my opinion [craigslist.org] of the terms, on the help board, since the opinion on the terms was specifically asked for

    The corporation of Craig's list, now partly owned by Ebay, can using its own opinion, fine you for what they consider improper posts. How's that grab you?

    Wanna fight it? Go to court in San Francisco.

    I gave my opinion, and the post being 2 1/2 months ago, surmised that Craig's list was being positioned for sale [craigslist.org]. I was called a troll [craigslist.org].

    Anticipating some responses, just finding out that a partner is selling his share to Ebay? Maybe so. But it sounds like a little research went into finding out if it could be prevented, and it also sounds like (and is likely whether it sounds like it or not) there were some consultations and/or meetings with Ebay prior to and during the sale negotiations and legal work.

    So was I hit with a bout of ESP? Or did Craig call me a troll when he knew something more? That's besides the point, anyway. The point is the terms allow the Craig's list corporation, now partly owned by Ebay, to fine you for what in their sole opinion, consider an improper post. Note that improper post isn't reserved just to abusive posts. Posting in more than one category (something real estate agents do all the time) in more than one area, depending on the circumstances, may be a fineable offense. There are other grey areas (how about real estate ads that take ten days to expire, yet some posters are deleting their ads every few days, and reposting them so they stay at the top nearly every day. Is that something you would consider abusive? Not when I pointed it out. What if it's done daily?) There are a lot of other grey examples, where, is it/isn't it, and according to the terms, there is no warning, bam, you're hit with a fine (regardless of whether the hammer has ever been lowered on anyone, the potential is there because it's in the terms), and if you have a problem with it, go fight it in San Francisco.

    This is something you really don't think about, until you become aware of the potential problems. I'd think the guy reposting his ad every 1-2 days was abusing the system, but in the opinion of Craig's list, it wasn't. But after reading the tos, I started looking at a lot of other posts (read the part about posting in more than one area, and there are other examples), and started wondering, for other items I was listing, am I going to get fined over this post, or this one? Or this one? Then go look at some posts that are posted in more than one area, but seem perfectly legitimate. And they are still there, even though they are in technical violation of the tos.

    Some of the /.'ers who've seen problems in the tos of Vonage and other voip providers, have posted, "I'm no terrorist, but..." or something along those lines. Same with Craig's list. I'm (and others) are posting products and/or services t
  • Re:Nervous? A little (Score:3, Interesting)

    by faust2097 ( 137829 ) on Friday August 13, 2004 @07:47PM (#9964347)
    My memory's a little hazy about this but around 1997 or 1998 Craig brought on a woman to help him make CL into more of a business. They had a serious falling out and for a while the craigsllist name was in dispute. the woman split off to make a clone site called listfoundation and she somehow also owned craigslist.com while craig retained craigslist.org. It was a mess. Craig's a nice guy, I only know one person who's met him who doesn't like him but he's never had much of a head for business.
  • by reallocate ( 142797 ) on Friday August 13, 2004 @08:01PM (#9964419)
    Except for the obligatory, and meaningless, slam on the U.S. and corporations, his explanation reads like any corporate PR post.

    Of course, Craig incorporated. Otherwise, he -- personally -- would carry all the financial obligation and risk for anything related to his business. Only a fool would choose to run the risk of bankrupting himself if his business goes under.

    Of course, it is expected that Slashdot -- part of the OSTG corporation would pander to the bigotry of its fantasy-ridden core audience.

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