Wednesday, June 10, 2009

The Craiglist Effect

Here's news that Craigslist's revenues recently topped $100MM, which is a lot for a service generally considered to be free. In fact, most of its listing ARE free, but advertisers pay for a few categories like real estate. All this is awful news for newspapers, who used to get a third of their revenue from classifieds. It's hard to compete with someone who gives stuff away, even if they actually sell a few things for money.

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