eBay Sues Craigslist

By Geoff Duncan April 23, 2008

eBay Sues Craigslist

Online auction giant eBay has filed suit against online classified service Craigslist, claiming Craigslist took unilateral actions that dilted eBay’s ownership of Craigslist by more than 10 percent. Back in 2004, eBay bought a 28.4 percent stake in Craigslist; although the suit is filed under seal in a Delaware Chancery Court, eBay is asking the court to rescind unspecified actions by Craigslist’s board of directors.

“Since negotiating our investment with Craigslist’s board in 2004, we have acted openly and in good faith as a minority shareholder,” said eBay senior VP and general counsel Mike Jacobson, in a statement, “so we were surprised by these recent unilateral actions. We are asking the Delaware court to rescind these recent actions in order to protect eBay’s stockholders and preserve our investment.”

In a statement on its corporate blog, Craigslist characertized eBay’s accusations as unfounded, and asserts that eBay’s stake in the company had not been unfairly diluted. “Coming from a shareholder that views Craigslist as a prime competitor, filing suit without so much as mentioning these assertions beforehand seems unethical, and hints at ulterior motives.”

Editors' Recommendations

Former Digital Trends Contributor

Geoff Duncan writes, programs, edits, plays music, and delights in making software misbehave. He's probably the only member…

Smart Home

DeWalt Spring Black Friday sale: Power tools and accessories from $15

A DeWalt drill being used.

If you have grand plans for a major home renovation project, you need the right power tools to facilitate this. Fortunately, there’s a huge DeWalt Spring Black Friday sale going on at Amazon so you can save big on plenty of great power tools as well as accessories for enriching the experience. There are hundreds of options within the DeWalt sale so the best thing you can do is hit the button below right now and see what’s out there for yourself. However, if you want some inspiration of what to consider, keep reading and we’ll take you through what we love most.

What to shop for in the DeWalt Spring Black Friday sale
Seemingly every household renovation task can be made easier with a good quality drill. That’s why it’s a great idea to buy the which is down to $99 from $179. A considerable saving of 45%, you get a compact and lightweight drill driver which can deliver 300 unit watts out of power. Its high speed transmission has two speeds of either 0-450 and 1,500 rpm with a 1/2-inch single sleeve ratcheting chuck which provides tight bit gripping strength. It’s the workhorse everyone needs and is sure to last.

Smart Home

Roborock S8 MaxV Ultra vs. Ecovacs Deebot X2 Combo: Which premium robot vacuum is best?

The Roborock S8 MaxV Ultra placed in its dock.

Roborock and Ecovacs are two of the biggest names in the world of robot vacuums. The companies have been producing some of the best robot vacuum and mop combos for years, and that trend has continued into 2024 with the Roborock S8 MaxV Ultra and Ecovacs Deebot X2 Combo. Both are ultra-premium devices that clock in at over $1,000, and we awarded both of them impressive scores in our reviews. In short, it's hard to go wrong with either robot vacuum.

However, there are some key differences between the Roborock S8 MaxV Ultra and the Ecovacs Deebot X2 Combo. From suction power and mopping skills to pricing and additional features, here's a comprehensive look at the two robot vacuums to help you decide which is best for your home.
Pricing and availability

Smart Home

Samsung Spring Sale: Get up to $915 off smart ranges today

A Samsung smart range with the Smart Oven camera.

Samsung's Spring Black Friday sale has slashed the prices of all kinds of home appliances, including gas and electric ranges. There are discounts available for Samsung's smart ranges too, which will allow you to enjoy savings of up to $915. Feel free to check out all the ranges that are cheaper than usual in the ongoing sale, but if you want to focus on getting a smart range for your kitchen, read on to learn all about them and how much you'll have to pay.

What to buy in Samsung's Spring Black Friday sale for smart ranges
Samsung's smart ranges are equipped with the Smart Oven Camera, which will allow you to check on the food that you're cooking through a livestream on your phone. You can even make time-lapse videos and share them on social media. You'll enjoy this feature on the Samsung Bespoke 6.3. cu. ft. smart slide-in electric range, which is from $2,536 for a $737 discount, and the Samsung Bespoke 6.0. cu. ft. smart slide-in gas range, which is from $2,659 for savings of $760. Both smart ranges have illuminated precision knobs that light up to let you know that the home appliance is on, and they work with the Samsung SmartThings app for pre-heating the oven, planning meals, downloading cooking modes, and much more.