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Posts Tagged ‘Jim Buckmaster’

Meg Whitman and Craig Newmark to Testify in Ebay vs. Craigslist Showdown Suit

4815e9cc-00035-00709-400cb8e1.jpegThere’s a proprietary online commerce aspect to this story; mammoth Ebay suing ubiquitous Craigslist. We look at it and all we see is the California gubernatorial race. Lefty Craig Newmark vs. righty Meg Whitman.

Didn’t Meg Whitman testify for the competency of Sarah Palin on the presidential campaign trail in 2008?

Where’s our popcorn…this should be good.

Smart Money reports:

San Jose, Calif.-based eBay filed a lawsuit alleging that Craigslist founder Craig Newmark and Chief Executive Jim Buckmaster diluted eBay’s stake in online classified group to 24% from 28% through a “self-dealing” and secret scheme to issue more stock. EBay says the dilution caused the company to lose its right to elect a Craigslist board member.

San Francisco-based Craigslist has filed a countersuit alleging that eBay took advantage of its investment to steal confidential information that it used to create a competing classified service called Kijiji.com.

EBay and Craigslist have denied the allegations against them.

Via I Want Media

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VVM Gets Defensive About Pimping

pimpin-.jpgLast week the CEO of Craigslist wondered aloud in a blog post why his company was taking so much heat for adult ads, while newspapers like those in the Village Voice Media chain regularly published similar ads without controversy. It’s a good question. We’ve been wondering the same thing.

This morning Village Voice Media responded to the Craigslist post with a self-righteous rant in the form of a press release. Our favorite part:

We will continue to exercise our right to accept legal, adult postings from our users and concentrate on growing backpage.com. We are aggressively building additional technical solutions as well as increasing our manual site inspections to improve the efficiency of removing content that is illegal or otherwise violates our Terms of Use.

Translation: We will continue to make big bucks off of prostitution and human trafficking, while doing everything possible to cover our asses legally.

Read the entire VVM press release after the jump-

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