Havng stopped punching itself in head about Google, online auctioneer Ebay has apparently found a new reason for self-flagellation. This time it’s Ebay’s lost share to Craigslist, something that has Ebay bringing its Kijiji free classifieds site to the U.S.
Trouble is, of course, Ebay already owns 25% of Craigslist, the company causing it all the headaches. So why would it launch something directly competitive in the U.S. market? At least three reasons, so pick your favorite:
- Ebay remains in a monstrously deep self-flagellating funk.
- Ebay tried to buy more of Craigslist, was rebuffed, and is now playing rough.
- Ebay doesn’t think it will ever see any liquidity from the nutters at Craigslist — they’ll likely turn the whole company over to some Che Guevara preservation society or something — so it’s calling it quits on the thing.