In a turn of events, Craigslist has filed a counter-suit alleging Ebay used it’s minority holding to steal trade secrets.
The counter-suit is in reprisal to Ebays own charges that Craigslist discriminated against Ebay as a shareholder.
In addition to unfair competition and fraudulent business claims, the countersuit accuses eBay of copyright infringement and using misleading advertising on Google Inc to run ads for its rival Kijiji site that appeared to be Craigslist ads.
- Reuters
“We regret that Craigslist felt compelled to resort to unfounded and unsubstantiated claims in order to divert attention from actions by Craigslist’s board that unfairly diluted our minority interest,” said Kim Rubey in response to Craigslist filing.
It will be interesting to watch this drama unfold between these two internet giants.
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