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Just like they try to keep the facade up that CL barely makes money. They are swimming in so much $ it's insane.
by sulife 14y ago
Just like they try to keep the facade up that CL barely makes money. They are swimming in so much $ it's insane.
- astral303 14y agoProof?
- jaems33 14y agoIt's hard to say from an outsider's perspective whether or not they are 'swimming in cash.' I suppose we do have some estimates for their revenue, but not how much profit they actually make. http://www.businessinsider.com/2011-digital-100#10-craigslist-10 http://www.businessinsider.com/2011-digital-100#10-craigslis... http://articles.businessinsider.com/2011-10-07/tech/30253426_1_ceo-jim-buckmaster-craigslist-revenue http://articles.businessinsider.com/2011-10-07/tech/30253426...
- president 14y agosource?
- fescue 14y agoThe AIM Group estimated $115M revenue for craigslist in 2011, after $141M in 2010. I don't know anything about the AIM group, but the report is referenced in the NYT (presumably they vetted the source, but...). http://aimgroup.com/2011/10/06/craigslist-revenue-falls-off-by-5-in-2011-job-ad-revenue-soars-offsets-adult-ad-drop-free-classified-sites-grow-worldwide/ http://aimgroup.com/2011/10/06/craigslist-revenue-falls-off-...
- binarysolo 14y agoFor the immense value they provide to the hundreds of millions of users, having a 100-200M revenue is not "swimming in [insane] $". They're profitable alright, but let's not kid ourselves that they have by choice left a LOT of money on the table, which is why all these value-added services are trying to take a share of the CL-pie.
- sulife 14y agoThey have an estimated 70-80% margins... maybe I should have said drowning in money!