For months, Pando has been reporting on signs of trouble at First Look Media, the quarter billion dollar journalism outfit founded by Omidyar in 2013. Then, in October, after months of denials by First Look staffers, all hell finally broke lose at the startup with high profile resignations, layoffs and confirmation of widespread mismanagement and newsroom interference by Omidyar and his lieutenants.
But while everyone was focussed on First Look’s October implosion, Omidyar was facing a far more serious threat to his image as technology’s most “civic minded” billionaire. That same month, attorneys for classified site Craigslist filed their latest complaint in a years-long legal fight in which Craigslist claims Omidyar and other eBay executives plotted to steal trade secrets in order to launch their own rival classifieds sites.
The ongoing civil suit outlines fourteen separate allegations against the company including accusing eBay, Omidyar and senior eBay executive Josh Silverman of committing fraud, deceit, misrepresentation, breach of fiduciary duty, and a host of other violations.…
Pando Daily
Documents show how eBay’s Meg Whitman and Pierre Omidyar conspired to steal Craigslist’s secretsMark Ames
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The invisible hand once more hard at work ?
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