Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 04 April 2008 07:18

Craigslist to exceed $80M in revenue for 2008

Written by David Stellmack

Image

Not bad for mostly free site


Craigslist.org is a Web site that consists of local classified ads and forums in all 50 U.S. States and 50 countries around the world, currently totaling 450 cities worldwide. The site lists ads pertaining to jobs, housing, goods, services, romance, local activities and advice and almost any topic by city. 

Craigslist does not require a membership fee and its ads are mostly free (except to some businesses that advertise jobs and apartment rentals in major cities). The site is community-monitored and moderated and the classified ads are self-published.  It was started by Craig Newmark in 1995, a computer science ‘nerd,’ as a hobby and as an email list for his friends in San Francisco to learn out about local events.

In 1999 Craigslist was registered as a for-profit Web site. The site has remained true to its roots of being a services type organization that is uncommercial in its nature, and has a non-corporate culture. And what a profit it has made. In 2003 Craigslist had revenue of $7 million, and it is predicted that it could see revenue for 2008 of more than $80 million, a 47 percent increase over its estimated $55 million revenue in 2007.

Craigslist claims it has more than 9 billion page views per month, with 30 million people using Craigslist per month; more than 25 million of these per month are U.S. based. Craigslist supports its operations by charging below-market fees for job advertisements in ten major cities and charges fees for some apartment listings.

Craigslist is a privately held company, but 25 percent of its equity was acquired by eBay in 2004 from a former Craigslist shareholder.  It employs only 25 people.  Craigslist is an advocate of net neutrality and of keeping the Internet free. Craigslist supports worthy social causes and community-based organizations.  The discussion forums on Craigslist have more than 75 million user postings in over 100 forum topics.

Last modified on Friday, 04 April 2008 10:28

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments