craigslist's in the evening news

in san francisco

[tsinoy]

hey,

was wondering if anyone heard about craigslists on the news... craig was interviewed by the local news station and supposedly they gross about $10 million a year for only posting jobs in only I believe 3 major cities, sf, la and one other city that I forgot about.

they have a couple billion hits a month... so I guess if it's trully useful and people keep going back it will be a gold mine eventually.

I can't believe they only have 18 employees... equates to $555,555 revenue per employee.

[chuq_2001]

I beleive craigslist was recently bought for a hefty sum. Correct me if I wrong.

[jcoronella]

It wasn't purchased, eBay invested and owns 25%

[webmasterworld.com...]

I don't believe financial terms were disclosed.

[Justin_L]

gross about $10 million a year

it will be a gold mine eventually

If $10 mil a year isn't enough, what exactly do you consider a "goldmine"?

[rfung]

the funny thing is, except for SF and maybe other major cities (if you go the list of cities they're in, you can see how big the site is by the size of the font), the site's really very basic, and their market reach is really small everywhere else.

I wonder why no one ever tried to copy their success? I myself thought about it, but dunno? building a community is always hard and he's got word of mouth working for him now...

rfungslist.com anyone?:))

eheh.

[GuitarZan]

Hey,

I noticed the same thing rfung... very very rudimentary.

Of course it could be done again.

C.K.

[cyberair]

When you look at the most successful websites out there, many share that same trait of a very simple no brainer design.

Apparently, the majority of the online population still prefers simplicity over tons of features. I wonder if this is for the older crowd though. As generation Y goes into the workforce, given that they grew up with computers, will we start to see a shift to more complex sites being adopted?