Craig Of Craigslist Vows He’s Not Out To Destroy Newspapers - Really

January 13, 2006 by Chuck | 0 Comments

Craigslist - $20 million per year

From running his own listserv to 3 billion page views per month and $20 million per year, it’s still run from his living room…

From the BBC:

For a man with no plan, who describes himself as just another “line worker”, Craig Newmark is doing alright.

Meeting the international media in Manhattan this week, the 53-year-old stood in his uniform of black jeans and grey shirt, trying to convince sceptical reporters that his eponymous Craigslist is not out to destroy the newspaper business.

The site’s only income derives from job listings in three US cities, though discussion is under way for charging a fee for accommodation postings - mainly thanks to huge traffic on the New York property pages.

Everywhere else in the world it is free to every user, and although Craigslist still nets around $20m a year, it could be generating much more profit.

In Case Studies, WAH News

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