Beginning as a small email list by Craig Newmark to friends in 1995 to a 50 countrywide network, Craigslist has rapidly risen to find itself within the top ten highest traffic Internet sites in the United States. With classified ranging from personals and housing to job-postings, Craigslist has situated itself to serve the interests of all people. Acting as a free online classified advertisement site, Craigslist has driven itself to success with the innovative use of relatively inexpensive open-source software, opposed to the expensive hardware and software often used by other large Internet sites. With the use of paid job ads as the main revenue source, Craigslist has forcefully positioned itself for financial success; demonstrating a speedy creation of wealth, analysts have reported annual revenues ranging from $10 million in 2005 to an estimated $112 million in 2010. In comparison to its big-time Internet competitors, Craigslist boasts a team of merely 24 – who hold the perks of having no meetings, and a flexible hours in which employees work when they want and where they want. The innovative well-priced software and simplistic website layout have plunged Craigslist into the arms of success where it will surely stay in future years.
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