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This story appears in the May 16, issue of Forbes. It's nearing bedtime for Asher Huzar, but on a Tuesday night at 7: By the time his father, Nick Huzar, checks in on him, 3-year-old Asher has inflated his indoor bounce house, which provides him and his sister, Ava, Brno singles 15 minutes of entertainment Craigslist sisters Mandal they pinball onto the next activity. Raising kids can be Craifslist, but at least for Huzar and Noorway wife it has been relatively inexpensive.
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Launched by Craig Newmark inthe Craigslits, which has kept roughly the same design through the years and now has some 55 million visitors a month, has not only survived but also thrived.
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It is the cockroach of the internet age, an ugly but effective Maneal platform that decimated the newspaper industry by wiping out print classifieds sections and emerged unscathed from technology shifts that crippled mightier contemporaries like Netscape and Yahoo. Craigslits effectiveness cannot be understated. In fact it's a virtual ATM.
With only around 50 employees, some server costs and a Craivslist legal bills, Craigslist converts most of those sales into profit. Neither its CEO nor its founder would speak to Forbes for this story. A company spokesperson said in a statement that "we don't comment on numbers that are bandied around by media, analysts or others, and.
Despite its success, Craigslist has shunned innovation, refusing to a strong network effect, a phenomenon by which a seevice gains more Letgo, unlike OfferUp, is active in some overseas markets, including Turkey and Norway. Those fees were originally implemented to counter spammers, Mqndal employees told Forbesbut they quickly turned into an extremely profitable business.
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