Money

Wednesday, September 14, 2011

EBay Classifieds being Investigated By Dept of Justice

They say copying is the most sincere form of flattering, but I do not know if the Dept of Justice or Craigslist is seeing any humor in it. It seems that Ebay Classifieds are being investigated by the Dept of Justice for having a model very similar to Craigslist. Ebay bought a stake in Craigslist back in 2004 and it seems they may have been copying things from them.

Many different parties have gotten subpoenas related to the investigation and it will be interesting to see how this all plays out. Craigslist has thought for a long time Ebay was stealing from them. I guess this will end up in court and it will be interesting to see how this all plays out for both sides. EBay believes that Craigslist's allegations against eBay are without merit. We will continue to vigorously defend ourselves, and we will aggressively pursue our claims against Craigslist. Of course Craigslist list had no comment. Let's see where this all leads us in the end.

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