October 29, 2008
EBAY SUES CRAIGSLIST AND STARTS A WAR
The largest association in a universe of Internet auctions, eBay, has sued Craiglist, a opposition in that owns a minority stake, accusing a use of online personal ads to try to interrupt a business.
eBay asserts that a house of Craiglist (leading classifieds use in a Network) took “unilateral steps” to revoke a appearance of 28.4% that eBay owns some-more than 10%.
The censure accuses a owner of Craiglist, Craig Newmark, who runs a association with a obvious character of open-mindedness, as well as CEO Jim Buckmaster. Newmark as well as Buckmaster have been a usually members of a board.
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