A lawsuit filed by EBay Inc against Craigslist heads to a Delaware state courtroom next Monday, for a trial that promises to reveal the inner workings of two benchmark Web companies and bring to the witness stand two Internet pioneers: former eBay Chief Executive Meg Whitman and Craigslist founder Craig Newmark.
The twice-delayed trial will likely underscore the glaring differences in the companies' approaches to business.
Originally Posted by skitzogreg
It wouldn't be as big of a deal if their acquisition of PayPal didn't *** everything up for eBay. Their policy on selling electronics and not getting payed right away for what you sell is easily going to send people to craigslist.
Of course they're threatened.
Originally Posted by -bl4ck-
ebay is so ******ed with all the dang fee's involved with selling, then you get fee'ed for using paypal. then there is a final listing fee which takes a percent of what you get. Its BS
In its April 2008 lawsuit, eBay claimed that Newmark and Chief Executive James Buckmaster hatched a "coercive plan" in 2007 and conducted "clandestine transactions" that diluted eBay's stake to 24.85 percent from 28.4 percent.
Because eBay's ownership fell below 25 percent, it lost its seat on Craigslist's board.
EBay said an original shareholder agreement to be produced in court clearly outlined each party's rights and responsibilities.
Originally Posted by Licht
Only thing useful left about Ebay is finding old PC parts that have little to no value. That's screwed up by the fact that everyone charges $3 for the part but tricks you by charging $10 for shipping when it won't even cost them half that to ship it. Supremely frustrating. But that's offtopic.
Anyone know the details? The article doesn't quite make sense to me.
Originally Posted by Urufu_Shinjiro
Ebay says that the Craigslist people did some dirty dealing with stocks to lower Ebays shares low enough that they were no longer on the Board of Directors. Craigslist says that ebay used it's position on the board of directors to steel buisness practices and confidential information and feed it to their wholly owned online classified company Kijiji, which is a Craigslist competitor that Ebay had claimed originally they would never create but did anyway.
They're probably both right, but Ebay stands to lose more and Craigslist obviously did the stock dealings to get the Ebay Spy off their BoD.