EBay sues Craigslist

EBay sues Craigslist (http://ap.google.com/article/ALeqM5gyv-Q5yTdHYS0Q6ig8MW3PHd_5eQD 9074DD83)

Front Page Article (http://www.tribalwar.com/news/5398-EBay-sues-Craigslist.html)

EBay Inc. sued Craigslist on Tuesday, alleging the classified site unfairly tried to dilute the online auctioneer's stake in it.

EBay purchased a 28 percent stake in privately held Craigslist in 2004 from an unnamed former executive. The financial terms of the deal were not disclosed.

But in January, eBay says, Craigslist's board, consisting of founder Craig Newmark and Chief Executive Jim Buckmaster, unilaterally acted to dilute eBay's economic interest in Craigslist by more than 10 percent.

fuck off ebay

I'm with Craig and his list on this one.

ebay is a real piece of work. They won't allow google checkout because it's supposed not safe, go after other online auction sites because they want to be the only one. And now this?

If ebay tried to pull some shit on craigslist, I would try to dilute their shares too. Stop being a pushy whiney bitch ebay. Make your own product better and you will beat the competition.

Fucking sounds like EA Sports doesn't it? It's not enough to have the #1 product, they have to strong arm all the small guys out of existance for fear they might some day steal a 2% market share.

Ebay also runs kijiji (www.kijiji.com) which is a direct competitor to craigslist. Conflict of interest much?

Nerd fight!!!!

suck a dick ebay

ebay needs to fuck off and deal with it. thats what they get for investing in their competitors lmao

i used to work 4 eBay. eBay wants to kill Craigslist to make room for Kijiiji which means no more hilarious casual encounters ads. Nooooes

my sex life would be in shambles if craigslist dide :[[[

ebay be doin that craig dude bad. get the glock

eBay has made some serious changes lately, all of which make it less attractive to sellers. Right now on a typical sale you're looking at paying 15% of the item sale price in fees PLUS a fixed price on top of that. If you're selling something out of your attic that might not seem too bad, but it damn near kills any small business potential.

I really really hope a major competitor pops up. I've tried using overstock auctions but they get a fraction of the traffic.

Fucking sounds like EA Sports doesn't it? It's not enough to have the #1 product, they have to strong arm all the small guys out of existance for fear they might some day steal a 2% market share.
Craigslist is far from being the little guy.