iEntry 10th Anniversary
RSS
Newsletter
Advertising
I hope craigs list wins this one
2 commentsTuesday, May 13, 2008
By Mike Sachoff
Last month online auction site eBay sued online classified site Craigslist alleging that the company had reduced eBay's 25 percent stake in Craigslist through reorganization and now Craigslist is countersuing eBay.
In a blog post from Craigslist CEO Jim Buckmaster he writes," We filed a complaint in California today, charging eBay with unlawful and unfair competition, misappropriation of proprietary information, deceptive passing-off, business interference, false advertising, phishing attacks, free-riding, trademark infringement, trademark dilution, and breaches of fiduciary duty."
In eBay's suit against Craigslist it charges that the company's two primary shareholders, founder Craig Newmark and CEO Jim Buckmaster deliberately altered Craigslist's shares and corporate rules to weaken eBay's share in the company.
Their actions "are a thinly disguised strategem to force eBay to sell its share to them at a below-market price," eBay's lawsuit said.
The disagreement began when eBay launched Kijiji.com, its own version of an online classified site in the U.S. last year. The site originally launched overseas in 2005.
Publish A Comment
| Popular WPN Business Resources |
 |
 |
|
|
|
-
Jason Falls Predicts Google Will Buy Twitter
It is clear that Twitter is a valuable tool for business. -
Goodbye Vista, Hello Windows 7
Microsoft released its latest edition of Windows on October 22nd to... -
Social Media Trends That Indicate the Future
Where are we going with social media? That question is asked very...
     |
GREEEEEEEAT!
I love their countersuit! Jim, sue them for even the air that they dare to breathe! Those SOBs have done a lot of damage! Grab them by the balls and squeeze them legs to neck 'till they wear'em balls like them bowties.