The importance of job listings to Craigslist

The way the contracts were structured between eBay and Craigslist shows just how important job listings were at the time for Craigslist.

Craigslist on eBay: “Untrustworthy”; eBay on Craigslist: “Amateurish” – GigaOM.

Craig Newmark testified that then-eBay CEO Meg Whitman assured him that eBay would not use the confidential information about Craigslist it had access to as a shareholder to compete with the site, however the contract the two companies signed in August 2004 for 28 percent of the company at a price of $32 million did allow eBay to compete, with the exception that it would lose shareholder rights if it offered online jobs postings in the U.S.

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