GEORGETOWN, Del. AP – Internet auctioneer eBay Inc. began reneging on its promises to Craigslist shortly after taking a minority interest in the online classifieds site, Craigslist founder Craig Newmark testified Thursday.
Newmark said he began having concerns about eBay within months of inking a deal in August 2004 that gave eBay a 28 percent stake in Craigslist. He testified in a lawsuit in which eBay claims he and Craigslist CEO James Buckmaster improperly acted to dilute eBay’s minority interest after a falling out in 2007.
