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).As a response to charges of discrimination and negative stereotyping, Buckmaster explained that the company's policy is a response to user feedback requesting the warning on the more sexually explicit sections, including "men seeking men".Today, all of the above listed boards (as well as some others) have a disclaimer. states that the erotic services ads were being used for prostitution.On May 13, 2009, Craigslist announced that it would close the erotic services section, replacing it with an adult services section to be reviewed by Craigslist employees. On September 4, 2010, Craigslist closed the adult services section of its website in the United States.The site initially replaced the adult services page link with the word "censored" in white-on-black text.As of 2012, mashup sites such as and were overlaying Craigslist data with Google Maps and adding their own search filters to improve usability.In June 2012, Craigslist changed its terms of service to disallow the practice. The site is considered particularly useful by lesbians and gay men seeking to make connections, because of the service's free and open nature and because of the difficulty of otherwise finding each other in more conservative areas.
The company does not formally disclose financial or ownership information.Most of the early postings were submitted by Newmark and were notices of social events of interest to software and Internet developers living and working in the San Francisco Bay Area. The number of subscribers and postings grew rapidly.There was no moderation and Newmark was surprised when people started using the mailing list for non-event postings.Craigslist said that there is some indication that those who posted ads in the adult services section are posting elsewhere.Sex ads had cost initially and it was estimated they would have brought in million in 2010 had they continued., 2010, after pressure from Ottawa and several provinces, Craigslist closed 'Erotic Services' and 'Adult Gigs' from its Canadian website, even though prostitution was not itself illegal in Canada at the time.The site received criticism and complaints from attorneys general that the section's ads were facilitating prostitution and child sex trafficking.Matt Zimmerman, senior staff attorney for the Electronic Frontier Foundation, said, "Craigslist isn't legally culpable for these posts, but the public pressure has increased and Craigslist is a small company." Brian Carver, attorney and assistant professor at UC Berkeley, said that legal threats could have a chilling effect on online expression.The company has been pressured by San Francisco Department of Public Health officials, prompting Jim Buckmaster to state that the site has a very small staff and that the public "must police themselves".In 2002, a disclaimer was put on the "men seeking men", "casual encounters", "erotic services", and "rants and raves" boards to ensure that those who clicked on these sections were over the age of 18, but no disclaimer was put on the "men seeking women", "women seeking men" or "women seeking women" boards."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.