EBay Buys Into Craigslist

Back when I went to see Craig Newmark of Craigslist (he's speaking at Web 2.0), I noted how amazingly successful his gem of a company was, and I asked, "Aren't you worried you're going to wake up eBay?" Well, eBay just finished its cup of coffee, and went and bought…

Back when I went to see Craig Newmark of Craigslist (he’s speaking at Web 2.0), I noted how amazingly successful his gem of a company was, and I asked, “Aren’t you worried you’re going to wake up eBay?”

Well, eBay just finished its cup of coffee, and went and bought 25% of Craig’s company.

Here’s Craig’s take on it in his blog. A lot of comments. Apparently a person (not named) that owned equity in Craigslist was the impetus to the deal, not Craig himself.

Author: John Battelle

A founder of NewCo (current CEO), sovrn (Chair), Federated Media, Web 2 Summit, The Industry Standard, Wired. Author, investor, board member (Acxiom, Sovrn, NewCo), bike rider, yoga practitioner.

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