Craigslist's Dirty Secret

This is pretty huge, at least for those who buy the myth of angelic Craigslist: eBay has effectively confirmed that cyber cherub Craig Newmark screwed over an early employee to enrich himself, then tried to cover it up.

This is pretty huge, at least for those who buy the myth of angelic Craigslist: eBay has effectively confirmed that cyber cherub Craig Newmark screwed over an early employee to enrich himself, then tried to cover it up.

Law-enforcement officials have been slamming Craigslist's prostitute ads for years. CEO Jim Buckmaster's response has been benign: We don't profit from the ads, we're very nice and friendly with the cops, etc. No more. Push Buckmaster too hard, and he will cut you, as South Carolina just learned.
Everyone's favorite blowjobs-for-hire site has pledged to appease 40 state attorneys general by "curbing prostitution ads." You can read Melissa Gira Grant's in-progress response, but the kicker is CEO Jim Buckmaster's promise to start charging $10 a pop or so for Erotic Services ads. It's not pimping, it's protection…
Tim White, the operator of Craigslistblog.org, an unofficial blog about the free classifieds site, is throwing in the slightly soiled towel. Craigslist, which launched its official blog well after White launched his in March, threatened him with legal action over its name in April. Craigslist's lawyers and White…
We need more gushy "Internet rich dudes, they're just like us!" star profiles, don't we? The problem is, in the Valley, too few are willing to flaunt their success. Take this piece of fiction about Jim Buckmaster, Craigslist's CEO, in the Times of London: "He lives in a modest, rented apartment not far from the…
After last week's FBI sting conducted in concert with local law enforcement, in which 389 arrests netted 21 underage prostitutes, including four in Sacramento, Craigslist is again in the sex-panicked spotlight. In a familiar routine, law enforcement give stories of how they use the site's Erotic Services section to…
While former Yahoo database engineer Jeremy Zawodny might prefer FriendFeed to Twitter, he'll be commuting to the offices of Craigslist from his home in San Jose. He was recruited via email by CTO Eric Scheide while still at Yahoo, and met with founder Craig Newmark and CEO Jim Buckmaster before leaving Sunnyvale…
It looked like an unassuming boast-post on the official Craigslist blog touting the site's fast page load times as computed by Alexa. But it's the post's category tags that caught my eye — Harassment and Philanthropy. Could be nothing, could be a subtle backhand to critics. You decide.
Jim Buckmaster, the suspiciously tall CEO of Craigslist, hates meetings. "I've always found them to be at best unproductive and boring, and at worst toxic and destructive," he tells FT Deutschland. "The people who want to show off do, the brown-nosers brown nose, everyone else wastes their time. I also think the…
Craigslist has filed suit against eBay in San Francisco County Superior Court, alleging trademark infringement, breach of fiduciary duty, anti-competitve trade practices and deceptive advertising. Why California? Because the state has some of the strictest antitrust and competition trade laws in the country.…
Jim Buckmaster has just set himself up for a messy court fight. Responding to eBay's lawsuit against Craigslist and its board — the board being Buckmaster and founder Craig Newmark — he has claimed that he and Newmark issued additional shares in the company to themselves "for the sake of protecting the long term…
eBay's lawsuit against Craigslist, alleging that founder Craig Newmark and CEO Jim Buckmaster conspired to squeeze eBay out of the company, is fascinating for many reasons. It reveals Buckmaster and Newmark's naked greed: They issued shares of the company to themselves to increase their stakes and decrease…
The text of eBay's complaint filed in a Delaware court [PDF] has made its way online, and in it, eBay "seeks equitable and legal relief" from Craigslist CEO Jim Buckmaster and founder Craig Newmark for:
At last, some straight talk from Craigslist CEO Jim Buckmaster on his site's role in the "erotic services" business:
Craigslist CEO Jim Buckmaster fired back at eBay on the official Craigslist blog last night, asserting that the auction giant, the owner of a large stake in Craigslist, didn't bother to contact anyone at the company before filing suit. eBay's action, wrote Buckmaster, "hints at ulterior motives." Dozens of…
Expect a rash of headlines accusing auction giant eBay of bullying saintly Craig Newmark. eBay has sued Newmark, his business partner Jim Buckmaster, and Craigslist. The charge? Craigslist has allegedly diluted eBay's 28.4 percent stake in the company, which the auction giant acquired from a former Craigslist…
We've heard of in-house PR, but this is ridiculous. Susan MacTavish Best, who is both the girlfriend of Craigslist CEO Jim Buckmaster and his company's PR rep, is also a director of Glasshouse, a nonprofit which produces events meant to educate entrepreneurs. Educating entrepreneurs at an event tonight: Buckmaster.…
"There was no need for me to act like a jerk." — Craigslist CEO Jim Buckmaster, finally admitting what everyone else had long thought about him, in defending his efforts to shut down a blog critical of Craigslist [Craigslist Blog (the official one)]