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Craigslist the corporation was not even a party to this suit, and it continued operating the same way after this decision as before it. eBay’s only recourse to
by snowwrestler 2mo ago
Craigslist the corporation was not even a party to this suit, and it continued operating the same way after this decision as before it. eBay’s only recourse to that was to sell its equity, which it ultimately did in 2015.
I don’t think anyone can look at the company Craigslist in 2026 and say it has spent the last 30 years satisfying a legal duty to maximize profit.
- kube-system 2mo agoThe case was about Craig and Jim's stockholder-rights plan which they put into place to protect the direction of the company after their death. They're still alive... so of course, the past 30 years don't have anything to do with it. The point of my example was the legal standard used.