Craigslist expands without fanfare

The classified ads site that has destroyed newspaper business models across the world, Craigslist, has just got 27% bigger. Its founder, Craig Newmark, quietly announced two days ago on his blog: “Well, we just added what looks like 120 new cities, bringing it to 570, I think. (got to confirm) “

As Seamus McCauley remarks, that probably amounts to a 27% expansion of Craiglist’s global footprint and “immediately introduces a major competitive threat to newspaper publishers and any other media businesses relying on lassified advertising model, online or off, in those 120 cities.” It surely does.

In other Classified news, a new and upcoming classified site named OLX raised 13.5 Million in funding, bringing its total funding amount to 23.5 million. Look for OLX to be a major competitor to craigslist worldwide and look for adLump to be a competitor in the Los Angeles Classified market