4 ms·

There's some info here - http://www.alleyinsider.com/2008/4/craigslist_investor_ebay_sues_craigslist_seriously http://www.alleyinsider.com/2008/4/craigslist_inv

by breily 18y ago

There's some info here - http://www.alleyinsider.com/2008/4/craigslist_investor_ebay_sues_craigslist_seriously http://www.alleyinsider.com/2008/4/craigslist_investor_ebay_... - if you don't feel like logging into NYTimes.

redorb 18y ago
I didn't have to log in, I thought they were doing away with content behind logins anyway, also I can't fault Ebay for suing if they were getting devauled in the deal with no returns; This move makes Ebay look evil
DaniFong 18y ago
Didn't they buy that stock from an ex-employee, not craigslist directly?
- mlinsey 18y ago
  Does it matter? I would think that all the relevant rights and responsibilities to shareholders would be the same no matter who the stock was bought from, but I'm not an expert in the matter.
  - DaniFong 18y ago
    It's not a public company, and if the contract or moral obligation to the original shareholder was inalienable (probably), it shouldn't be treated like it is.
    - mlinsey 18y ago
      Interesting. A somewhat tangential question...for a company like Craigslist that seems content to collect profits as an independent private company rather than cash out with a sale or an IPO, what happens to those that hold stock? I'm thinking not just of investors like eBay but in particular their employees. Since lots of starup employees decide where to work based on where they will be able to cash out their options, how does a company like Craigslist keep its employees on board?
      - modoc 18y ago
        They probably pay them. Or they have a longer term strategy that's known within the company, but frankly I like the idea of just running it like a business and paying the employees. I really agree with DHH's talk this past weekend (even though I don't always agree with DHH in general). There is a lot to be said for just running a business profitably.

4 ms·

There's some info here - http://www.alleyinsider.com/2008/4/craigslist_investor_ebay_sues_craigslist_seriously http://www.alleyinsider.com/2008/4/craigslist_inv

by breily 18y ago

redorb 18y ago
I didn't have to log in, I thought they were doing away with content behind logins anyway, also I can't fault Ebay for suing if they were getting devauled in the deal with no returns; This move makes Ebay look evil
DaniFong 18y ago
Didn't they buy that stock from an ex-employee, not craigslist directly?
- mlinsey 18y ago
  Does it matter? I would think that all the relevant rights and responsibilities to shareholders would be the same no matter who the stock was bought from, but I'm not an expert in the matter.
  - DaniFong 18y ago
    It's not a public company, and if the contract or moral obligation to the original shareholder was inalienable (probably), it shouldn't be treated like it is.
    - mlinsey 18y ago
      Interesting. A somewhat tangential question...for a company like Craigslist that seems content to collect profits as an independent private company rather than cash out with a sale or an IPO, what happens to those that hold stock? I'm thinking not just of investors like eBay but in particular their employees. Since lots of starup employees decide where to work based on where they will be able to cash out their options, how does a company like Craigslist keep its employees on board?
      - modoc 18y ago
        They probably pay them. Or they have a longer term strategy that's known within the company, but frankly I like the idea of just running it like a business and paying the employees. I really agree with DHH's talk this past weekend (even though I don't always agree with DHH in general). There is a lot to be said for just running a business profitably.