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How does Craigslist make money?



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Mevater




 
 
    
 

Post Fri, Jun 18 2010, 2:39 pm
I've bought from Craigslist, assuming that the seller has to pay a fee. Now I posted something for sale, and I, the seller, didn't have to pay.

Whats in it for them?
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mommalah




 
 
    
 

Post Fri, Jun 18 2010, 2:54 pm
Nothing. The guy who started it makes no money off the site. You cannot pay for ads and no one profits. He's a bit of a whack job.
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Mevater




 
 
    
 

Post Fri, Jun 18 2010, 3:00 pm
And no one "reformed" him since? Wow. Arent there web maintenance fees?
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spinkles




 
 
    
 

Post Fri, Jun 18 2010, 4:14 pm
They are definitely making money. Estimates range from $10M to $20M per year.

They charge for brokered apartment listings in NYC, and for job advertisements in I think seven different cities (basically the largest ones).

Of course they are making peanuts compared to what they could be. But yes, they are idealists and are not interested in operating a money-sucking type of site. Refreshing! (BTW I believe Craig Newmark is Jewish, at least he had a bar mitzvah.)
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IloveHashem613




 
 
    
 

Post Fri, Jun 18 2010, 7:23 pm
there are certain types of postings on craigslist that require a fee so they make money on those..
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Mimisinger




 
 
    
 

Post Sat, Jun 19 2010, 9:53 pm
mommalah wrote:
Nothing. The guy who started it makes no money off the site. You cannot pay for ads and no one profits. He's a bit of a whack job.


Why does doing something for his community for free make him a "whack job?" Confused
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