June 19, 2006
By now, everyone has heard of Craig’s expansion. Although he takes some of his notions a little further to the extreme side than I would, I still love his strategical thinking.
“Craigslist’s obstinate insistence on giving away what newspapers have made their bread and butter has gotten the company a lot of media attention. Many newspaper executives see something sinister in Craigslist’s near-total lack of avariciousness — Are those guys communists? Do they hate newspapers? These critics would prefer to see Craigslist try to make an honest buck off the ads its users post. If the company charged something, after all, it might be possible to compete with them on price. But it’s hard to compete with free when you have reporters to pay and printing presses to run.”
Read the rest of WSJ.com article here.