Thursday, December 14, 2006

Craigslist meets the capitalists

Jim Buckmaster, the chief executive of Craigslist, caused lots of head-scratching Thursday as he tried to explain to a bunch of Wall Street types why his company is not interested in “monetizing” his ridiculously popular Web operation. . .Analyst Ben Schachter wanted to know how Craigslist plans to maximize revenue. It doesn’t, Mr. Buckmaster replied (perhaps wondering how Mr. Schachter could possibly not already know this). “That definitely is not part of the equation,” he said, according to MediaPost. “It’s not part of the goal.”

“I think a lot of people are catching their breath right now,” Mr. Schachter said in response.

Just to put things in perspective, Craigslist is the 7th most popular site on the web (counting by Alexa ranking). Number 6 is EBay which has 12,000 employees; number 8 is the BBC with 25,000 employees.

Craigslist employes 25 people (stats from this chart).

(via NYT's DealBook)


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