Peter Kafka

Recent Posts by Peter Kafka

Another Way to Describe the Newspaper Crisis: The Craigslist Boom

craterMore fuel for the “Google (GOOG) didn’t kill newspapers, Craigslist did” meme: A report that says the online listings service has seen revenue jump 23 percent this year and will end up booking $100 million–even as the newspaper classifieds business falls off a cliff.

Craig Newmark’s Internet classifieds site is mostly, but not entirely, free–it charges for a handful of listing categories, like real estate and employment. But that’s enough to create a very healthy business, says AIM Group, which has been estimating Craigslist numbers since 2003, when it said the company booked $7 million.

Trying to imagine what that would look like on a line graph? Here’s a suggestion–take the chart below and turn it upside down.

classified-chart


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik