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gwern comments on The Craigslist Revolution: a real-world application of torture vs. dust specks OR How I learned to stop worrying and create one billion dollars out of nothing - Less Wrong
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Comments (219)
What investors?
Given how eBay got its own Craigslist clone and is suing them, I'd say CL is far from long-run profit maximizing.
I wasn't familiar with the lawsuit, that's good evidence.
Yeah, eBay is a hostile shareholder. I believe Craig gave an early employee/cofounder 25% of the company in a verbal agreement and that verbal 25% later became worth a lot of money.