Best Q&A in the world

Q: How does the site plan to maximize revenue?

The CEO answered as follows:

A: “That definitely is not part of the equation. It’s not part of the goal.”

Q: How did the site arrive at $10 for real estate listings, Schachter asked.

A: “Ten dollars sounded like a nice round number,” Buckmaster answered, totally deadpan, as the crowd laughed.

Q: Is the company considering hooking up with Google for AdSense ads?

A: “We’ve had the numbers crunched for us,” “The numbers are quite staggering.”
"But, no, the site wasn’t interested. since users have been requesting that we take out the ads, so for us, that’s the end of the story,” he said to the befuddlement of the crowd. “If users start calling out for text ads, we’ll listen.”

In what turned out to be a culture clash of near-epic proportions, Craigslist CEO Jim Buckmaster spoke to the investment community this morning at the UBS global media conference in New York.

Via Mediapost