Hugene
msg:4040952 | 9:31 pm on Dec 10, 2009 (gmt 0) |
Yeah, not too sure about this. This is probably a BS statement from the eBay exec (sorry for the language). IMHO the main aim of the the Craigslist stake was to eventually acquire the whole site, they clearly say that in the article too. Big corporations are good and needed (tens of thousands of employees to build Amazon or eBay, that's good jobs that are needed by the people) but haveing some small, independant and against the grain player is also good. Congrats to Craigslist and I hope they remain independent, and huge while being small, for a long time.
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walkman
msg:4040975 | 9:50 pm on Dec 10, 2009 (gmt 0) |
32 million for 28% was a steal, google or no google. The site was valued at $1 billion a couple of years ago and profit is tens of millions a year.
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mack
msg:4040977 | 9:52 pm on Dec 10, 2009 (gmt 0) |
Its strange that in 2004 Ebay thought of Google as "the competition" yet still threw a large chunk of their online ad spend at Google. Mack.
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signor_john
msg:4041382 | 3:19 pm on Dec 11, 2009 (gmt 0) |
| Its strange that in 2004 Ebay thought of Google as "the competition" yet still threw a large chunk of their online ad spend at Google. |
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Maybe that was simply an attempt to weaken Google by diluting AdWords and AdSense with millions of CPC ads for "dead popes."
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walkman
msg:4041540 | 6:36 pm on Dec 11, 2009 (gmt 0) |
Or Google was their only option to get that much traffic and sales?
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smartwork
msg:4041667 | 9:35 pm on Dec 11, 2009 (gmt 0) |
| profit is tens of millions a year |
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I've only used CL a little, but where exactly does their profit come from? What is their paid service?
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walkman
msg:4041691 | 10:04 pm on Dec 11, 2009 (gmt 0) |
Real estate listing, companies posting jobs etc
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ergophobe
msg:4041742 | 12:38 am on Dec 12, 2009 (gmt 0) |
signor_john, I know you're joking, but really, honestly, I think all of the "buy dead popes" ads really did contribute to accelerating my paid listing blindness on Google. Of course, it mostly made me think that EBay was stupid.
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