Time to Cash Out, Craig?
December 4th, 2005 Posted in M&A, Main Page, Web-based Services
John Battelle just got jiggy to the fact MySpace.com is offering a Craigslist-like classified advertising service. Given MySpace's astounding growth (see this week's BusinessWeek story), maybe it's time for Craigslist founder Craig Newmark
to give some serious thought to doing an IPO or selling out. The
hounds (a.k.a. Rupert Murdoch's News Corp.) are barking at the
door so perhaps the time is right/ripe for Craig to shuck his quasi-public
service philosophy and give himself some financial muscle for whatever
he wants to do or fund next. It's just a thought but what do you think a site with nine million unique visitors is worth?
