Craigslist Makes $36 Million from Adult Services Ads
Craigslist Rakes It In With Adult Services Ads
Craigslist is raking in the big bucks! We're talking an estimated $122 million in 2010, with $36 million coming from Adult Services ads. Not only is Craigslist in the adult services business, but business is very, very good. In fact, adult services ads bring Craigslist even more money than New York City real estate ads.
Adult services ads, if you're pretending not to know, are basically escort and prostitution ads that the poster pays to post. So Craigslist makes ten bucks per ad. There are, as you are pretending not to have seen, a lot of adult services ads.
SeXy YoUnG hOtTiE lOoKiNg 2 mEeT iNcAlls OuTcAllS means only one thing. If you're Craig Newmark, that thing is money. Never mind the redundancy in "sexy young hottie".
"Craigslist claims to have a ‘relatively non-commercial nature, public service mission and non-corporate culture,' but in reality it turns so much profit that it's a gold mine for its owners," said Peter M. Zollman, founder of the AIM Group. "Per employee, it generates more than $4 million in revenue and profits of $2.9 million to $3.2 million -- staggering numbers any way you count.