Unsurprisingly, there's not much love for eBay in the comments on Craigslist's blog. Following the news that eBay is suing the site for trying to dilute its 28.4% shareholding, Craigslist retaliated by saying that the case is "unethical", coming out of the blue and without any discussions.
This is eBay throwing its weight around, but there's no love lost between the two. eBay's 28.4% stake came through a back door when a Craigslist partner approached eBay and sold it to them; the site said they never invited any big money backers and the two certainly couldn't be much more different in terms of their corporate culture.
Photo by Lorentey on Flickr. Some rights reserved.
Politics on both sides, seemingly, but the Craigslisters are out in force:
Seymore: "Personally, I'd dilute it with a poison pill! We all know how well eBay handles online classified services (Kijiji). We'd all be paying just to view CL if they had their evil way."
Fruity: "Don't give Obay 1 inch. They will desecrate this magical place called Craiglist. I can think of a million and one ways they continue to dilute buyers & sellers on their own site!"
Chad: "Missed Connections
You (eBay): Middle aged, bitter, nerdy.
Me (craigslist): Young, indie, hip
I saw you at the flea market. You told me 'own it', like I'd be impressed. You offered me a ride on your Harley - again, like I'd be impressed. You're not cool."
