Craigslist is a booming online marketplace for homes, but it’s also a home.
And for the most part, it’s a service that people are using to make money.
That’s the lesson from the first quarter of 2018.
The company, whose stock has surged nearly 50% since the start of the year, has been accused of exploiting its workers.
The New York Times has called it “a tool for unscrupulous contractors to make extra money and then pocket the extra.”
But its biggest problem is its inability to provide real-time bidding.
For its part, Craigslist is working to fix its software to speed up the process.
It’s hiring more software engineers, which it says will give it an edge over competitors like HomeAway and HomeDepot.
But it’s hard to be optimistic about that until it learns how to build an accurate, real-world inventory.
As the company gets better at the service, we’ll see what happens, said Mark Purdy, a managing partner at New York-based software company Zee, which focuses on real estate.
“It could be a gold mine,” he said.
“But it will be a very expensive mine.”