224 Million Users = $0 Revenue - Craigslist
Did you know that Craigslist is one of the most popular websites in the entire world? In fact, they pull in 250 million monthly active users every single month despite having a website that looks like it hasn’t been changed in 20 years. But, all of that is by design. You see, Craiglist isn’t trying to maximize revenue and profits like every other company. Rather, they’re happy to stick with modest revenue and profits and serve the community as much as possible. This has always been the motto and mission of not just Craig Newmark but the entire Craigslist team which is only 50 people. This is largely because Craig was never even trying to create some sort of massive online marketplace. In fact, he was largely just trying to connect with people and create a social life for himself by discussing local events, hence the name “Craig’s List”. This video tells the humbling story of Craig Newmark and Craigslist and shows one of the few examples in which money didn’t corrupt the individual.
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(iOS App for US Residents)
0:00 - The Scale Of Craigslist
2:15 - Humble Beginnings
5:21 - Humble Rise
8:44 - Humble Dominance
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.