Holton Armchair Alcott Hill
eBay Buys 25% of craiglist
eBay Inc. nowadays purchased a Alcott Hill 25 percent pre-existing minority stake in San Francisco-based craigslist, a popular on-line network of classified advertisements and forums. The 25% stake was purchased from a former craigslist employee who initially contacted eBay with the proposed sale, according to craigslist officials.
With devoted sites in 45 cities around the planet, craigslist is an on line meeting place for millions of people today looking to share suggestions, meet a buddy, locate a job, or find an apartment. The website is a holton armchair magnet for folks who want to trade in such goods as tickets, furniture, automobiles, and sporting goods.
&ldquocraigslist is an superb example of how the World wide web brings people today together,&rdquo mentioned Meg Whitman, president and CEO of eBay. &ldquoWhether it&rsquos to trade goods, assist neighbors or speak out on important difficulties, craigslist has develop into the on-line gathering location for neighborhood communities. I look forward to working with the craigslist team as its vision moves into the future.&rdquo
&ldquoCraigslist has never ever sought any outdoors cash, and that&rsquos not going to adjust,&rdquo spokeswoman Susan MacTavish Very best mentioned.
Craig explained the scenario on his weblog &ldquoAlthough I by no means figured that aspect of craigslist holton armchair may well be owned by a public enterprise, Meg Whitman and Pierre Omidyar showed that they had been interested in us for all the ideal factors.
Like craigslist, eBay is about assisting folks get everyday stuff completed, on Alcott Hill a level playing field &ndash they emphasize trustworthiness and reputation, and try seriously really hard to listen to persons. Fundamentally, we&rsquore both about creating community, and humanizing and democratizing the &lsquonet, and there&rsquos gotta be extra of that.&rdquo