I love this developing story: Craigslist versus EBay. It seems that the unbreakable rule of business is to say, “We’re earning enough money and don’t need more.”
I’m bummed that I can’t find the quote I read yesterday on this. To paraphrase, Craig Newmark said he knows the guys at Ebay and Google, and having more money doesn’t make them happier. Eventually having so much money becomes a burden.
Of course, Newmark has earned millions and millions of dollars. But he seems intent on putting it to good use — that is, spending it on causes other than himself.