Craigslist Eyed for Possible Future IPO

An anonymous reader writes "Eric Hellweg wonders if everyone's favorite want-ad site will join the ranks of eBay, Amazon, Yahoo, and, yes, Google. Hellweg guesses it makes $25 million a year by charging for only 12 percent of its ads. If it ramped up payments on more ads throughout its many-city network, it could hit $100 million. That's a monster margin for a 14-person staff! And they may even consider going public."

Comments

slacker

[Doc Ruby]

You have obviously never actually lived in SF, Anonymous freeloader Coward, and are parroting some kind of rightwing "antitax" propaganda against California. I lived there in the last "recession", and it was easy to live well on the cheap. And I never noticed the taxes pinching me that hard, despite the much higher earning power of geeks there - not to mention the better stuff to spend it on. Oh, and the air they breathe (for free) is better than yours, too, unless you're posting from a Pacific island.