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Craigslist Eyed for Possible Future IPO

Posted by CowboyNeal on from the drooling-investors dept.

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."

4 of 205 comments (clear)

  1. Craig Newmark, awesome human being by ortcutt · · Score: 5, Informative

    Craig Newmark is an awesome human being. Check out his blog. He's not only an open-source software user (SuSE on a Thinkpad T40) and the creator of the largest and most useful (and OSS-based) community bulletin board in the world, but also a progressive Democrat and all-around humanitarian.

  2. Comment removed by account_deleted · · Score: 5, Informative

    Comment removed based on user account deletion

  3. Re:The article is mostly pontificated crap. by Anonymous Coward · · Score: 4, Informative

    Craig was talking about the possibility 5 years ago, shortly before the market went bust. If there was serious money to be made, I don't think he would hesitate.

  4. We charge for job postings by bitchin_camaro · · Score: 5, Informative

    We charge employers $75 to post a job ad in San Francisco, and $25 in LA and NYC. In fact, we only started charging for NYC and LA this past week. Every day, there are hundreds of job ads just in San Francisco. It's a (very) decent chunk of change. Sean @ CL