SAN FRANCISCO & SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 13, 2004--eBay, The World's Online Marketplace (Nasdaq:EBAY) (www.ebay.com), and craigslist, an online community featuring classifieds and forums (www.craigslist.org), announced today that eBay has acquired a preexisting minority ownership interest in craigslist of approximately 25%. The resulting relationship will allow eBay and craigslist to share expertise, resources, and creativity on behalf of online communities everywhere.
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I was surprised that it took craigslist this long to put on some business shoes. After they announced pay for advertising jobs in the Bay Area earlier this year, it seemed that their non-profit community centric orientation would inevitably change. Let's just hope that they can continue to deliver the incredible content that makes them one of the best thing on the Internet.
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