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
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
This is called “biting the hand that feeds you.”
The Electronic Frontier Foundation will be getting $1 million in donations from Craigslist Inc., whose founder Craig Newmark sits on its advisory board --- but the organization has posted a slap at Craigslist on its website.
“We’re … sorry to see Craigslist succeed at blocking new and innov
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
Last week, Craigslist Inc. closed out its longest-running lawsuit, the one with EBay, when EBay sold its 28.4 percent in Craigslist back to the company. Today it settled with one of the defendant in another major lawsuit --- Craigslist vs
(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
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.
The New York Times last week ran an article about Canadian general classified leader Kijiji. The piece doesn’t reveal any new directions for the company, but it provides a good summary for newcomers to the Canadian classified scene.
Among the data point
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.
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