New User?
Close this box
Login to Your Account
Your Username
Your Password
Forget your Password?.


< Back

NY Media Swarm: Craigslist to hit $100 million revenue

Posted Monday, June 15th, 2009 at 8:37 am by eunji in Media Buzz. More in 10075


While the print classifieds are experiencing a slow death, Craigslist seems to be doing extremely well even in this recession.

According to a new study from Classified Intelligence Report, a publication of AIM Group, Craigslist is projected to make more than $100 million in revenue this year. Their revenues have dramatically increased from a meager $9 million in 2004.

“AIM Group projected that more than 80 percent of Craigslist revenue came from recruitment ads, with most of the remainder coming from housing ads in New York. Its most lucrative markets were New York City, on track to generate $17.7 million in 2009, and San Francisco, with $14.4 million, AIM Group said.”

Craigslist would not comment on the study. With only 30 employees (p.s. how do I become one), they keep their expenses to a bare minimum.

Given the current economy, I guess it makes sense. All the recently unemployed workers are looking for  jobs on Craigslist  and it is cheap for recruiters to post help-wanted ads.   In places such as New York City, where Craigslist is frequented as often as the Google search engine (or maybe that is just me), it is a recruiting gold mine.

However, I am a bit surprised that this report came out given all the Craigslist related murders and scandals. I know that when that hoopla was happening I stayed away from Craigslist. It was just scary to think that I could potentially be pursing the same posting as a  murderer.  Either way, kudos to Craigslist for beating the recession and making a buck.

Home Hives Articles The Bee Blog About Help Sign Up    Log In
Terms and Conditions | Privacy Policy

©2013 Neighborbee, LLC.