Ebay absorbs another one
Moving further and further away from the auctioning business, Silicon Valley's powerhouse Ebay has acquired rent.com.
Rent.com allows landlords to list available properties for free, charging them when a lease is signed. The company expects to have $40 mln in revenues in 2004.
The move wouldn't make any sense for Ebay if it didn't follow several recent acquisitions in the classified ads space: last August the company obtained a 25 pct stake in Craigslist.org and later that summer bought the Dutch classified ads service Marktplaats.nl.
SV Sleuth did a quick check on Rent.com, but wasn't very impressed. Silicon Valley swears by Craigslist to find its apartments. The Sleuth in fact has found all of his last three apartments on Craigslist.
V3 Latest
First plant to grow on the Moon, err, dies
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite news and updates: Fortnite made $2.4bn in 2018, according to SuperData
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Japanese firm sends micro-satellites into space to deliver artificial meteor showers on demand
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago