Hacker Connect January 16 in New York
An event for and by the real estate tech community

Online classifieds and community site craigslist.org is a cash cow that generated an estimated $55 million last year in revenue and is on track to take in $81 million in revenue this year, according to a report by research and consulting company Classified Intelligence. "With just a few simple changes -- additional charges that might improve functionality and usability of the site -- revenue could easily top $100 million in 2008. If it doesn't reach that lofty number this year, it's virtually guaranteed to do so in 2009," the report states. Craigslist, a for-profit San Francisco-based company that operates a global network of market-specific sites, and other online classified sites have cut deeply into ad revenue for print classifieds as advertisers have increasingly fl...