The HIDDEN TRUTH About Craigslist | How is Craigslist still Making Money?
In 1995, Craig Newmark created Craigslist. It covered everything from apartment listing to job hiring services. The website was daily getting millions of viewers. This simple website with no ads was growing like wildfire. To make money the website charged people a small fee to post their listing. At its peak, Craigslist was valued at $5 billion. In recent years, a lot of players like Facebook and Etsy have taken away Craigslist’s market share. The site still generated $700 Million in revenue last year with the help of just 50 employees. Craigslist made this all possible even after looking like a 1990’s website making it a billion dollar idea.
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