Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Connecting With Craigslist


eBay may have unleashed Craig's dark side.

With a purple peace sign logo, Craigslist has long been seen as a peaceful, non-confrontational kind of company. But all that changed last week when eBay (EBAY), which purchased a 28% stake in Craigslist in 2004, took it to court. eBay argued that Craigslist executives had engaged in secret meetings aimed at diluting eBay's stake in the company to 24.85%, or less than a quarter. Craigslist Chief Executive Officer Jim Buckmaster said that the company was "no longer comfortable having eBay as a shareholder, and wish[es] to explore options for repurchase, or for otherwise finding a new home for these shares."

Craigslist remains a private company, so details surrounding its finances are murky. Some industry experts value it at around $5 billion, and with a staff of only 25, its profits margins would be more than impressive.

Join Hoofy and Boo as they take a closer look at one of the internet's most unique companies.

< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos