GEORGETOWN, Del. AP – Assurances that former eBay CEO Meg Whitman gave Craigslist’s officials before eBay bought into the online classifieds company were never put in writing, the founder of Craigslist acknowledged Friday.
Under cross-examination in a lawsuit filed by eBay, Craig Newmark said assurances that eBay would be happy holding a minority stake in Craigslist for several years, and that Craigslist would be eBay’s exclusive play in the online classifieds market were not in the agreement the two companies signed in August 2004.
