For those that don't know, eBay owns 28% of Craigslist and has for several years.
Today eBay had a ruling go in their favor (they sued for the right to have someone on the board of CL) and CraigsList lost a long running battle. Basically the court said someone with a 28% stake in a company had some rights in determining the companies (and their stocks) future.
Given that both companies have spent silly amounts of money on this case it seems obvious its about control. What is your take, will eBay fundamentally change CL?
Today eBay had a ruling go in their favor (they sued for the right to have someone on the board of CL) and CraigsList lost a long running battle. Basically the court said someone with a 28% stake in a company had some rights in determining the companies (and their stocks) future.
Given that both companies have spent silly amounts of money on this case it seems obvious its about control. What is your take, will eBay fundamentally change CL?