Pointer: EBay Buys Stake in Craigslist

Community site Craigslist saw a quarter of its equity - previously granted to a partner - sold to eBay for what the New York Times speculated was likely in the "low tens of millions" of dollars. Craigslist is strong in classified advertising, especially in the Bay area and especially in employment and real estate - two weak markets for eBay. For his part, founder Craig Newmark said he was looking forward to eBay using its anti-fraud staff to help Craigslist get rid of community scammers.