ownership of craigslist

EVEN MORE: yes, my math was slightly off... in the interest of clarity (consistent with the statement that his ownership went under 50%, Craig could have held just 50% before he made Jim CEO -- not 51%, as I said -- so any fraction above 25% would mean he would technically own more than Jim (and similarly more than ebay)... I just don't think it went nearly that low, but it could have had... I mean according to what I remember Craig to have said...

MORE: extra hint: look for one of Craig's public statements to the effect that Craig's ownership of craigslist went under 50% only when he made Jim CEO (so... worst case scenario, he owned ONLY 51% of craigslist prior to making Jim the CEO; it's very hard to believe he would give Jim MORE shares he would end up holding...as I said, I don't think he's dumb, definitely not that dumb...ergo, Craig owned at least 26% of craigslist right after he made Jim CEO);

of course, things could have changed SINCE...both in terms of offering shares (to other employees, maybe Eric? the CTO) or buying back shares -- this is how he could now possibly own 75% ... quite unlikely, though...and I'm not aware of any evidence that he has in fact bought back any shares

still I think it's safe to say he owns MORE shares than ebay (25%) and 26% is the minimum that would do that... again, I'm assuming he is reasonably smart (fair assumption, as far as I'm concerned)

again, that's the minimum, he likely owns MORE than that.... but either way his estimated NET profits have been in the millions for years... why is he hiding this from people? well, there seem to be a long list of reasons... none of them "wholesome"... (brought up a bunch of them on this blog)

... I know I'm behind... (was going to have some info on this sooner)

sorry, sorry... (I still don't have internet at home, hopefully tomorrow)

Well, here's the big hint: i think it's safe to say that Craig owns anywhere between 26% and 75% of craigslist
Delia

P.S. do some research..please?:) D

another reason why we NEED to know how much they profit...

they claim protection against the Fair Housing Act: if I remember right, the rationale of Congress giving protection to online publishers of third party content was that the internet was an emerging technology that needed protection and that such providers just couldn't afford it and thus couldn't provide the service in the first place...

well, how true are those premises for the craigslist of today?

-- is the internet still an emerging technology? (I would think not...)

-- could craigslist really NOT afford it? (depends on their profits, doesn't it?); it also depends on their willingness to do it and their moral compass etc. (why isn't anybody talking about those things? they use those claims havily as PR, shouldn't they have to make good on them? what's with all this rampant bullshit? and how is possible that the media doesn't notice this or..."forgets" to notice it?)

Delia

P.S. Maybe a lawsuit of this kind could compel craigslist to disclose their profits? (something they should have voluntarily done all along...) D.

and poor Craig... just can't afford it...

EVEN MORE: notice how this comment did double duty (damage control and appearance of Good Samaritan concerns); PR wise, as long as people continue to trust and not question him, Craig seems to be much more effective than Susan (she's doing little more than repeating platitudes, such as that the site prohibits anything illegal through their terms of use ...like that helps much or that absolves them of moral responsibility -- how about their fabulous moral compass and the "philanthropic mindset" they claim to have, how can that be reconciled with that they are doing or rather NOT doing? -- that would take a whole lot of 'splaining...and nobody is doing any of it...) D

MORE: and... wouldn't you know it, he's gots others' interests at heart ! -- a most outstanding bullshitter and gambler (if you ask for my opinion...) D.

re: "Craigslist.org founder Craig Newmark has spoken out on the issue, arguing that companies such as his will have to pay a premium for equal access to bandwidth."

this whole issue (of Net Neutrality) is muddy, muddy, muddy...

let the big guys and the little guys pay! he's the middleman (the P.S. to my comment to that post)... pretty hefty, actually, but so what? that doesn't mean he should shoulder any of the expenses...now, does it? -- that sounds too much like a real company and those are just non-sense...

Delia

ooh...look at all the brainwashed people...

*sung on the tune of Beatles' "Look at all the lonely people"*

Donna sounds like the quintessential craigslist/Craig brainwashed gal to me: just read her articles on craigslist and on Craig (unbelievably partial and seamingly blind to the real issues -- very embarrassing, especially for somebody who is supposed to be a journalist).

Delia

P.S. Keep dreaming, Donna! ('cause you are certainly not gonna like it when you wake up!) D.

one of the dark sides of craigslist...

MORE:

looks like Stephen's research made some waves...

UPDATE: Stephen, Stephen, Stephen... What have you done with Anil's comment?(yes, it's your blog, desn't mean you should disapear perfectly good comments...) D.

"craigslist kills"... and yes it's a fact of life... people do get diseases and die even without craigslist's help -- it's just sad to see that craiglslist does close to nothing to prevent this from happening especially when you consider how much they profit (they have a big hand in anything that comes out of craigslist and this is REALLY bad...); not to mention their claimed moral compass, philanthropic mindset and what not...

Delia

P.S. great research by Stephen! I just thought Anil's comment was more on point -- if craigslist was a non-lethal "virtual red light district" there would be less of a problem... D.

craigslist going down...

in the past 3 month craiglslist's reach (down 16%) and rank (down 6) have declined -- a warm thanks to Laura! (for not taking Jim/craigslist on his word, doing the research on Alexa and finding out the truth!)

Delia

P.S. still not done with the move -- no internet at home yet! that really sucks.. (I'll try to keep posting but I'm going to be light on research for a while -- help me out and do some of this stuff yourself...like Laura did....please?:) D.

Do what Craig says...

not what he does...

Craig: "fact checking (...) is mighty important"

Laura agrees...