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The relevance to the biz depends on where that revenue was going. Suppose that $100M/year had been going into Craig Newmark's bank account and he had been cont
by anamax 16y ago
The relevance to the biz depends on where that revenue was going.
Suppose that $100M/year had been going into Craig Newmark's bank account and he had been contributing that money to charity on a regular basis.
Reducing that $100M to $30M would be irrelevant as far as Craigslist-the-company is concerned even though it would be a big hit to the charities.
Craigslist is believed to be owned by a couple of people plus EBay's 25%, so the above scenario is possible.