October 29, 2008
eBay sues Craigslist and starts a war
The largest company in the world of Internet auctions, eBay, has sued Craiglist, a rival in which owns a minority stake, accusing the service of online classified ads to try to disrupt its business.
eBay asserts that the board of Craiglist (leading classifieds service in the Network) took “unilateral steps” to reduce the participation of 28.4% which eBay owns more than 10%.
The complaint accuses the founder of Craiglist, Craig Newmark, who runs the company with a well-known style of open-mindedness, and CEO Jim Buckmaster. Newmark and Buckmaster are the only members of the board.
(Read the article)
Comments(7)