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An eBay Inc executive said on Thursday the auction company bought a stake in Craigslist partly to block rival web company Google Inc from acquiring the classified ads business."That was a consideration," said Garrett Price, who was eBay's principal deal maker in its $32 million agreement to acquire a 28.4 percent stake in Craigslist in 2004. He spoke under cross-examination in a trial taking place in Delaware.
Earlier in the week, eBay founder Pierre Omidyar said Craigslist's founder Craig Newmark seemed distressed by his dealings with an unnamed party that was in talks to buy a stake in Craigslist, but was "hostile to its mission."
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.
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.
Maybe that was simply an attempt to weaken Google by diluting AdWords and AdSense with millions of CPC ads for "dead popes."