Craigslist Initiates Free Online Classified Advertisements

Feeling isolated after having recently moved to the San Francisco Bay Area, and having observed people helping one another online at The Well and Usenet, in March 1995 Craig Naymark founded craigslist, as a bulletin board for social events.  It evolved into a "central network of online communities, featuring free online classified advertisements – with jobs, internships, housing, personals, erotic services, for sale/barter/wanted, services, community, gigs, resume, and pets categories – and forums on various topics." Craigslist eventually made a profit by charging under-market fees for job ads in ten cities and for brokered apartment listings in New York City. By providing most classified advertising for free it undermined the traditional income stream of printed newspapers.