Monday, December 7, 2009

eBay and Craigslist finally in court

The dispute between eBay and Craigslist was started last year when the two companies sued each other by submitting a different complaint. Since then the process is postponed for various reasons. The story was originally started in May 2008 when eBay was sued Craigslist, accusing the company that Craig Newmark and James Buckmaster agreed on their own initiative to reduce eBay's stake in Craigslist to 28.4% below 25%. The problem arose when this share dropped below 25% because in this case, eBay lost a seat in Craigslist's board of directors. Craigslist was later filed a counter suit against eBay and accusing the company of stealing trade secrets.

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