Seems eBay is shitting the bed at the moment as they have launched a lawsuit at Craigslist -- of which they are minority stakeholders -- because they feel that Craigslist is trying to cut their share down from the 28+% they currently own by at least 10%.

Of course, eBay filed the puppy under seal -- so no one knows the real deal of what the hell is really going on -- and apparently it will be that way for awhile.

That has not stopped Newmark from firing back -- in an entry posted on Craigslist's blog last night called 'Tainted Love', the firm asserted that eBay's accusations were unfounded and insisted the lawsuit came as a complete surprise.

EBay's stake in Craigslist was sold in 2004 by a former unnamed shareholder. The financial terms of the deal were never disclosed.