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05-14-2008, 07:15 AM
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#1
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Join Date: Aug 2005
Location: Jersey City, NJ
Posts: 795
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Ebay sues Craigslist
Craigslist seems bent on a bloody fight for its independence.
The battle surfaced in recent weeks with a lawsuit from eBay the e-commerce giant which bought a 28% stake in Craigslist in 2004. EBay accuses Jim Buckmaster and founder Craig Newmark, who control the company, of trying to dilute its stake to reduce its potential influence over the company's board.
The Craigslist duo never seemed enthusiastic about having eBay as a shareholder (eBay acquired the stake from a former employee), but distrust has turned to outright hostility since last summer, when eBay launched a rival classified advertising site in the United States.
Among the suggestions that eBay has made to Craigslist's controlling shareholders, according to court papers released this month, was to buy the company outright.
Craigslist's anti-big-business style has turned it into the largest classified site on the Internet, with 30 million classified listings a month. It is an institution in San Francisco and Silicon Valley, where its success has been blamed (or credited, depending on where your sympathies lie) with devastating the local newspaper industry.
Buckmaster claims that, measured by per capita listings, Craigslist is now deeply rooted in Austin and Portland, Ore., as well as large areas of New York City. With Web sites covering nearly 50 cities, more than half of them now outside the United States, the company's traffic is growing at roughly 100% a year, he says.
Craigslist consciously trades off its anti-establishment image (most listings posted on its sites are free, and it makes money from charging professional recruiters for jobs advertisements in 10 cities, along with brokers handling apartment rentals in New York City).
Buckmaster's official profile blithely boasts that he has been called "a communist and a socialist anarchist." What he exhibits, however, is more a pragmatic brand of low-key capitalism. The Craigslist chief executive confesses to living a comfortable life on his earnings and does not rule out a sale of the company in the long term.
Craigslist has filed a countersuit on May 13th against business rival eBay Inc, alleging eBay used its minority stake in Craigslist to steal its corporate trade secrets.
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05-14-2008, 11:08 AM
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#2
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Join Date: Aug 2004
Location: North Jersey
Posts: 3,047
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Bah, F Ebay! Their fees have gotten outrageous, and Craigslist is free to like 95% of it's users. Gee, where will I go to buy and sell parts????
They probably bought into Craigslist just so they could eventually take it over and shut it down, thieving bastards.
__________________
Seeya,
Steve R. in North Jersey
'16 Go-Mango Dodge Charger R/T. It's so good to be back in a V8-powered, RWD car!
Former Toy - '88 Monte SS - had lots of mods...
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05-14-2008, 11:22 AM
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#3
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11 Second Club
Join Date: Nov 2005
Location: Gloucester
Posts: 863
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Quote:
Originally Posted by TPI Monte SS
Bah, F Ebay! Their fees have gotten outrageous, and Craigslist is free to like 95% of it's users. Gee, where will I go to buy and sell parts????
They probably bought into Craigslist just so they could eventually take it over and shut it down, thieving bastards.
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X2 F Ebay!!!!!!!!!
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05-14-2008, 11:29 AM
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#4
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10 Second Club; Has fan club
Join Date: Dec 2005
Location: Delmont nj
Posts: 4,369
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x3 F ebay more like E GAY! stupid fees
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01' Z06 62k miles. Vararam, Longtubes, off road xpipe, tuned by me. Times TBA
2001 Corvette, Bolt ons , tuned 10.75@124.56 mph 1.38 60' Sold
1997 Saturn Sc1 5spd DOHC swapped
Bolt ons, decked head, stock intake cam on exhaust side, lotsa weight redux
13.22@102.32 mph 1.93 60'
12's on moda? One day
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05-14-2008, 11:46 AM
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#5
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Ayatollah of Rock N Rolla / Admin
Join Date: Mar 2006
Location: Parts Unknown
Posts: 12,573
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My big beef with ebay is that they don't provide their members with **** as far as personal rights and fraud protection.
F ebay X4.
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05-14-2008, 12:25 PM
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#6
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Join Date: Dec 2005
Location: Boston/North
Posts: 9,214
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Craigslist FTMFW
F eBay x5.
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Quote:
Originally Posted by BonzoHansen
dumbass.
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05-14-2008, 05:45 PM
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#7
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Join Date: Sep 2007
Location: Cape May
Posts: 103
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My car is for sale on craigslist, someone stole my pics and put it forsale. haha its still on there
__________________
----Tim----
00 SS M6, bolt-ons and appearance mods, Make an offer For Sale
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05-14-2008, 06:19 PM
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#8
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Join Date: Jan 2006
Location: west milford, nj
Posts: 1,662
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F EbayX6
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Previous Cars: 1992 Eagle Talon TSi AWD (5spd), 1992 Mustang GT(auto), 1995 Hyundai accent(5spd)
Current Car: 2000 Honda Accord EX (5spd)
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05-14-2008, 06:41 PM
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#9
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I <3 sheep
Join Date: Mar 2005
Location: Belmar
Posts: 4,907
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Quote:
Originally Posted by WildBillyT
My big beef with ebay is that they don't provide their members with **** as far as personal rights and fraud protection.
F ebay X4.
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yup. And I also agree that the fees are stupid now.
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Quote:
Originally Posted by Tru2Chevy
Steve has a thing for sheep....
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'78 Big Wheel- 2FWFP
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05-14-2008, 07:45 PM
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#10
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Co-Founder / Site Admin
Join Date: Jul 2004
Location: Ewing, NJ
Posts: 22,476
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Quote:
Originally Posted by SStealth2k
My car is for sale on craigslist, someone stole my pics and put it forsale. haha its still on there
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You should contact Craigslist about having them removed.....sounds like someone is trying to scam a buyer out of a bunch of money.
- Justin
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1999 Camry - Beigemobile DD
2002 Suburban - Wife's DD
2004 Grand Cherokee - Not running / Project / Selling?
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05-14-2008, 08:44 PM
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#11
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Meet Coordinator
Join Date: Jan 2008
Location: brick/pt. pleasant beach
Posts: 19,366
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did you write that yourself? i don't see a reference! oh and f ebay x whatever its at
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05-14-2008, 11:53 PM
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#12
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Join Date: Sep 2007
Location: Cape May
Posts: 103
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Quote:
Originally Posted by Tru2Chevy
You should contact Craigslist about having them removed.....sounds like someone is trying to scam a buyer out of a bunch of money.
- Justin
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i did but i think its still on there, i was searching for camaros and saw my car, i was in shock.
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----Tim----
00 SS M6, bolt-ons and appearance mods, Make an offer For Sale
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05-15-2008, 11:17 PM
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#13
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Lord of the rings / 10 Second Club / Meet Coordinator
Join Date: Aug 2004
Location: Millstone Township, NJ
Posts: 6,379
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Quote:
Originally Posted by SStealth2k
i did but i think its still on there, i was searching for camaros and saw my car, i was in shock.
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Take it as a compliment lol. But seriously that's pretty crappy and would definitely report it or at least have fun with the seller.
-Brian
__________________
97 T/A Ram Air Convt
Forever dyno queen / 777rwhp 662 rwtq @ 17lbs / 10.2 @ 140
'24 Corvette Z06
'17 Sierra 2500HD Dmax
'17 Lex LS460
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