Industry NewsTechnology

Craigslist expands worldwide

Founder says 120 new cities coming on board

Craigslist.org, the online community for local classified listings in cities across the globe, is expanding into approximately 120 new cities, according to a blog post by founder Craig Newmark at cnewmark.com. According to a fact sheet at craigslist.org, the service previously was available in 450 cities worldwide, which means the new additions would bring craigslist's coverage to some 570 cities. In his blog post, Newmark noted Ramallah, a Palestinian city in the central West Bank, is one of the new cities. Craigslist, a for-profit San Francisco-based company that operates a global network of market-specific sites, has become a staple for real estate listings in many cities, and brokers and agents often use the sites to post listings of homes for sale. Craigslist 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 recent report by research and consulting company Classified Intelligence. Cra...

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