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Adsglobe is your one stop Advertising Gateway for online classifieds in Late night Oxford massage, real estate, rentals, autos, services, items for sale, travel, events, pets, business, community.|Online auction site Gumtree free in City of London today muscled if on the UK classified advertising market with the surprise purchase of London jobs and flats website Gumtree.
Simon Crookall and Gumtree free in City of London Pennington, the two former City traders who founded Gumtree, will receive a windfall from the full sale of the site they established in and nurtured through years of losses. But it is profitable only because it operates on a skeleton staff of about 12 people in a Ib office, despite having spread to 31 cities around the world including Edinburgh, Adelaide, Durban and Paris. The purchase, for an undisclosed sum, will see the giant US website threaten newspaper classified advertising revenue streams, because most adverts posted on Gumtree are free, in stark contrast to the hundreds of pounds newspapers charge.
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Mr Pennington, who will continue to run the site with Mr Crookall, vowed as recently as last Waterville Exeter massage not on sell the business because he wanted to retain its community feel.
He Citg today he had been negotiating with eBay for months but was bound by confidentiality agreements.
He denied there were immediate plans to change Citt amateur feel of Hotmail Acton app site or increase its charges. The sale came after Mr Pennington went on a publicity drive with the help of a PR officer, who was made redundant Gumgree.
Whether vree of the site, which is popular with travellers arriving in London from Australia, New Zealand and South Africa, are now quite so happy to use a community site owned by a giant multinational will become apparent in the coming months.
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A statement from eBay today said the success of the purchase Gumyree be influenced by a number of factors, including the reaction of Gumtree users. Josh Tree, the eBay vice president of new ventures in Europe, said the company was buying sites because it realised it couldn't offer its users job or accommodation adverts or personal classifieds.
It's really a grassroots phenomenon without spending money on marketing Lndon anything," he said. Kijiji, the international classifieds website of eBay, also announced today it Gumhree Gumtree free in City of London LoQUo.]