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Craigslist revenue to hit 100 mln dollars: media group
San Francisco (AFP) June 10, 2009 Advanced Interactive Media Group is predicting that revenue at popular online classified ad website Craigslist will surge to 100 million dollars (US) in 2009. "Craigslist is a stunning business success story, especially since it's run more like a community service than a for-profit business," AIM founder Peter Zollman said Wednesday in a posting at the firm's website. "And despite tremendous negative publicity and legal battles, its revenue keeps increasing at a remarkable pace." San Francisco-based Craigslist does not disclose revenue figures, but AIM estimates that it took in 81 million dollars last year and that the figure will jump more than 23 percent in 2009. "The company continues to grow significantly, while many classified advertising publishers are reporting year-over-year drops of 50 percent or more in certain categories," Zollman wrote. Craigslist websites localized to communities around the world act, in part, as online notice boards where people can post messages on a range of topics including apartment rentals, items for sales and jobs. Craigslist only charges fees for "a tiny percentage" of its ads, according to media consultancy group AIM, which has been estimating the Internet company's annual revenue since 2003. Share This Article With Planet Earth
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China stops imports of some Renault carsBeijing (AFP) June 10, 2009 China said Wednesday it had stopped importing some car models made by French automaker Renault due to "safety problems." After recent checks, the nation's safety watchdog said it had found some of the cars imported into the country did not conform with China's standards and regulations, according to a statement posted on its website. "There are severe hidden safety problems," the ... read more |
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