Business profile: Becoming a billionaire? That's not on my list...
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Craigslist chief executive, Jim Buckmaster, aims to offer a public service, not add zeros to his bank balance Craigslist only charges in three cities - asking for fees from companies placing recruitment adverts on its San Francisco, Los Angeles and New York sites. Is this business model sustainable? Buckmaster thinks so. Costs are kept low by using open source software such as Linux, which means there are no licensing costs to pay. The company doesn't want to employ many more staff.
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