Craig Newmark says he won't cash in Craigslist
"Who needs the money? We don't really care," Craig Newmark said in an interview at the Picnic '06 Cross Media Week conference here.
"If you're living comfortably, what's the point of having more?" Newmark said.
Craigslist, despite its no-frills layout, gets more than four billion page views per month with just 22 employees.
Measured as a proportion of the number of employees, it claims to rank seventh amongst English language sites, behind Yahoo, AOL Time Warner, Microsoft, Google, eBay and News Corp.
"We both know some people who own more than a billion (dollars) and they're not any the happier. They also need bodyguards," he said.
Craigslist is 25 percent owned by eBay after one of the shareholders who helped to set up the site in the 1990s sold his stake in 2004. Newmark declines to specify exactly who owns the remaining shares.
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