Turkey, October 2010

 

 

Tuesday 16 November 2004

Craigslist comes to Amsterdam

Last week eBay acquired Marktplaats.nl for $290 million, making it the largest acquisition of an internet business in the Netherlands since Tiscali bought the troubled ISP World Online. Since eBay bought 25% of Craigslist this summer, it would be interesting to see if things have changed at Craigslist since then. This is what CEO Jim Buckmaster answered:

- has Craiglist changed in any way since eBay bought a stake?

there have been no changes, no. the news is that there is no news ..

>- is there pressure on you to be more focused on money; basically, to earn
>back the money eBay paid for the stake in Craigslist? (according to Morgan Stanley for a price between $30 to 50 million, MF)

not at all. they have expressed no interest in having us change the way we
do things - other than helping us get better at providing consumer
protection.

>- are there areas/projects where you work together with eBay? Technically,
>commercially or in fighting fraud, for example?

we have gotten some useful advice from ebay regarding consumer protection.

>- do you have any tips or anything else to say to the guys who sold
>Marktplaats but are staying on as managers, when it comes to dealing with
>eBay?

not sure our experience is particularly relevant, since we remain an
independent company, whereas (as far as i can tell) marktplaats will be a
subsidiary of ebay.

>- do you think that there could be cooperation between Craigslist and
>Marktplaats? (You are both ad driven versus auction/commission driven like
>eBay, and Marktplaats is active internationally as www.intoko.com, so it
>would make sense to talk/meet I guess)

probably too early to know - no plans at present.

>- are you still planning on starting a Craiglist in Amsterdam?

we've started an english-only site for amsterdam, not sure yet when we'll
have a dutch version, but hopefully soon.

Like Marktplaats, Craigslist is user friendly, fast, and mostly free. It will be interesting to see how it stacks up against Marktplaats and Speurders once a Craigslist-site in Dutch launches. eBay will learn from all of it and is the clear winner in this, no matter how it turns out.

Thanks to Jim Buckmaster and Craig Newmark for the quick reply!

Tuesday 16 November 2004 - 04:58 AM | category:


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