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"If you impose liability on Craigslist, You Tube and Facebook for anything their users do, then they're not going to take chances.It would likely result in the takedown of what might otherwise be perfectly legitimate free expression." Craigslist announced on September 15, 2011, that it had closed its adult services in the United States, however, it defended its right to carry such ads.
In December 2006, at the UBS Global Media Conference in New York, Craigslist CEO Jim Buckmaster told Wall Street analysts that Craigslist had little interest in maximizing profit, and instead preferred to help users find cars, apartments, jobs and dates.
Analysts and commentators have reported varying figures for its annual revenue, ranging from million in 2004, million in 2005, and , there have been no substantive changes to the usefulness or non-advertising nature of the site—no banner ads, charges for a few services provided to businesses.
The company was believed to be owned principally by Newmark, Buckmaster and e Bay (the three board members).
Free speech and some sex crime victim advocates criticized the removal of the section, saying that it threatened free speech and that it diminished law enforcement's ability to track criminals.
However, the removal was applauded by many state attorneys general and some other groups fighting sex crimes.