Craig’s List: Delightfully Communist

DealBook writes about the appearance of Craig’s List at the UBS global media conference.
When one analyst asked how CL plans to maximize its revenue, the company said, “um yeah, we’re really not interested in that stuff.”
A riot nearly broke out.

Following the meeting, Mr. Schachter wrote a research note, flagged by Tech Trader Daily, which suggests that he still doesn’t quite get the concept of serving customers first, and worrying about revenues later, if at all (and nevermind profits). Craigslist, the analyst wrote, “does not fully monetize its traffic or services.”
Mr. Buckmaster said the company is doubling in size every year, as measured by page views and listings.
Larry Dignan, writing on Between the Lines blog at ZDNet, called Mr. Buckmaster “delightfully communist,” and described the audience as “confused capitalists wondering how a company can exist without the urge to maximize profits.”

A Web site that doens’t run ads? What-EVER!

Posted by Eddy Elfenbein on December 11th, 2006 at 12:58 pm

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