Market Overview

Craigslist Now $6 Million Less Popular Than Last Year

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Wait, Craigslist makes money? Really?

I had no idea the company had a revenue stream. Between its horribly bland site design and its questionable user base (no offense to the legitimate users, but let's not kid ourselves in thinking that Craigslist isn't covered in slime), I always assumed that the site was one of those online anomalies that exists just for the sake of existing – like Wikipedia.

Apparently that's the goal of the company's CEO, Jim Buckmaster, who told the Guardian that “any extra profit accrued is an unintended secondary consequence.”

That “unintended secondary consequence” grew to $121 million in 2010. According to Business Insider, the company may only pull in $115 million this year.

As far as consequences go, this is perhaps one of the best I've seen.

What do you think – would you accept $100+ million in revenue as a “consequence” of whatever else it was you were trying to do in life?

Follow me @LouisBedigian

Posted-In: Business Insider Craigslist Jim Buckmaster the GuardianTech Best of Benzinga

 

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