JUNE 19- Craigslist has a refund policy: it bought itself back. According to Reuters, the companies “had been feuding for years” over alleged misappropriation of confidential information gleaned in EBay’s 2004 purchase of Craigslist. The latest transaction settles those complaints, but the wakeup call for media owners should be that buyer’s remorse is setting in for investors who were sold business models that were either too simple or too complex or too easy to duplicate to survive the velocity of change in both old and new media.
Government Center, Sofia, Aug. 5, 2012. Copyright 2012 John Polich. All Rights Reserved.
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