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[BBC]Ebay Sues Craigslist!

post #1 of 23
Thread Starter 
Quote:
In a statement, eBay claimed that in January, Craigslist executives took actions that "unfairly diluted eBay's economic interest by more than 10%".

No details of those actions were given by eBay.

In its company blog, Craigslist said it was surprised and disappointed by eBay's "unfounded allegations".

The company said eBay's legal action "came to us out of the blue".
We have always treated eBay fairly as a minority shareholder, and plan to continue doing so.
source
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post #2 of 23
lol ebay people are money hogs
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post #3 of 23
eBay just posted a large jump in earnings due to the raised fees this past quarter. The execs should pull their collective heads out of their posteriors and find better ways to keep their earnings up. Now they just look like even bigger money grubbing jackholes.
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post #4 of 23
I thought Ebay had bought CL N/M I see now
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post #5 of 23
Wait so they're suing 'cause Craig's List is making more money than eBay?
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post #6 of 23
Folks are seriously jumping to conclusions on this...

Everyone is still speculating what happend. Craigslist is a "private" stock offering company, therefore how did it dilute eBays ownership shares?

Did it release more stock to other stockholders without giving eBay an opportunity to buy in?

Not defending eBay... however, if you owned significant shares of stock in a private company and then all of a sudden you were told that your stake in the company had been drastically reduced, you'd be pissed too. (I guarantee that...)
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post #7 of 23
that's it, i'm gonna create another craigslist like website and have ebay try to sue me too... i'll call it something like

www.yomamaslist.org
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post #8 of 23
    
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post #9 of 23
Quote:
Originally Posted by redsunx View Post
Wait so they're suing 'cause Craig's List is making more money than eBay?
Wrong. Ebay is suing because Craiglist is making money, not making more money, just making money.
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post #10 of 23
Quote:
Originally Posted by MikersSU View Post
eBay just posted a large jump in earnings due to the raised fees this past quarter. The execs should pull their collective heads out of their posteriors and find better ways to keep their earnings up. Now they just look like even bigger money grubbing jackholes.
They are, random lawsuits that could earn them some cash...lol
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