Tag: Craigslist



EBay sells unit to reorganize

Minutes before today's split of EBay and PayPal, EBay has dumped its Enterprise unit for just short of $1 billion. The company helps run Ikea, Timberland and iRobot. The purchaser, a group that paid $925 million, includes private-equity firms Permira and Sterling Partners. EBay bought GSI Commerce for $2.4 billion in 2011 and converted it to the Enterprise business. The deal was supposed to help


Sheriff’s Backpage credit cutoff backfires; site drops charges for adult-services ads

Sheriff’s Backpage credit cutoff backfires; site drops charges for adult-services ads

There’s an old adage in law enforcement: “Follow the money.” Sheriff Thomas J. Dart of Cook County, Ill., (the county that includes Chicago), did that very successfully in his efforts to shut down the prostitution advertising on Backpage.com. Short-term: Clearly a success. Longer term: Probably a massive failure. Dart sent a letter last week to Visa and MasterCard, urging


Craigslist data infringement cases settled

Craigslist data infringement cases settled

Craigslist was the big winner --- to the tune of $3.1 million --- in its intellectual property infringement lawsuits against data aggregator 3Taps and Lovely, a rentals site. It has also settled with PadMapper, another apartment site that generated terrific results using Craigslist data; no financial terms of that settlement were indicated in the agreement filed with the court. 3Taps owner Greg


EBay sells stake back to Craigslist

EBay sells stake back to Craigslist

(Editor’s note: We sent this ALERT to clients a few moments ago.)   In the end, EBay threw in the towel and sold its shares back to Craigslist Inc. But it probably got a 10x return on its investment, or more. Maybe even 20x or 30x. EBay today announced that it sold its 28.4 percent stake in Craigslist Inc. back to Craigslist, meaning Craig Newmark and Jim Buckmaster won thei


Mobno: Craigslist’s new competitor in Turkey

Mobno: Craigslist’s new competitor in Turkey

That general classified sites are popular, and which one holds the No. 1 position, is well known in Turkey. But, now there's a new player - Mobno.com - and it wants to be one of the popular classified sites. Mobno.com was developed by Ahmet Faruk Tuna and Selcuk Demirbas, who grabbed a share of the market by trusting in simplicity and a good user experience. The "Terms of use” page is a good ex



Geebo offers SafeTrade program

Geebo offers SafeTrade program to help protect buyers and sellers

ALTAMONTE SPRINGS, Fla. --- Geebo, a website that offers “safe community classifieds” in the United States, has launched a SafeTrade initiative to help buyers and sellers using Geebo ensure that they stay safe when conducting transactions.


‘F-u’ Zumper, Newmark’s wife tweets

‘F-u’ Zumper, Newmark’s wife tweets

The wife of Craigslist founder Craig Newmark says "no way" --- or more accurately, "f-u" --- to a series of billboards saying "Break up with Craig." The billboards are from rental marketplace and listing network Zumper. It launched a campaign last month taking aim at Craigslist and pointing out that w



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