Auction site eBay has filed a lawsuit against popular classifieds site Craigslist, claiming that eBay’s 28% stake in its competitor was intentionally diluted by the actions of Craigslist founders, Craig Newmark and Jim Buckmaster.
Details on what these actions were are still sketchy, by there is speculation that Craigslist either brought in another investor, or increased [...]

Ebay President, John Donahoe has announced that its failing VoIP subsidiary, Skype will likely be heading for the chopping block, after the calamatous purchase failed to live up to expectations. Ebay acquired Skype for $3.1bn back in 2005, in the hope that internet phone service would improve communication between its user-base, and despite rapid growth [...]