Apr 23, 20080
eBay suing Craiglist
Now thats funny. According to the NY Times, eBay, who bought over 28% of Craiglist in 2004, have filed a law suit against the company claiming that ..”Craigslist’s two directors, the founder Craig Newmark and the chief executive, Jim Buckmaster, took actions that unfairly diluted eBay’s economic interest in the company.”
There is speculation that this is connected to Craiglist raising another funding round despite have wads of cash in the bank.
Don’t you just love families?
