The NYTimes DealBook blog describes the stunned, puzzled reaction on Wall Street to Craigslist. The SF based internet company – with its devoted following of apartment seekers, job hunters, online daters, garage-emptiers, and bargain sleuths - is interested in serving its customers, not making money. Period.
A completely foreign concept to the bankers.
Read all about it here and be sure to follow on and read the related items at MediaPost, Between the Lines, and Tech Trader.