Crime doesn't pay, supposedly. But it does cost society something. The question is how much. In 2010, 12 homicides were attributed to Craigslist, costing tax payers a cool $207 million according to a recent study by researchers at Iowa State University. Take into account the 31 aggravated assaults and 78 robberies that occurred on the site in 2010, and that figure jumps to nearly $238 million.
Despite imposing huge hidden costs on taxpayers, Craigslist, the global classified advertising site, still managed to generate an estimated $115 million in revenue in 2011. Annual profit at Craigslist Inc., owned by Craig Newmark, Jim Buckmaster and EBay, is an estimated $89 million, or a 73.5 percent margin.
"To be absolutely fair, Craigslist as an entity can’t be entirely blamed for the things that happen among its users. It’s merely a facilitator of commerce.But that’s no longer an excuse that Craigslist can hide behind." says Dane Theisen founder of Safe 'N' Sound.
Dane Theisen is a 2011 graduate of The University of Toledo College of Business and Innovation.In 2009, after noticing the struggle students went through when using online marketing sites like Craigslist, Theisen decided to create and launch Safe 'N' Sound, a personal security platform for classified buyers who may be already using email forwarding services like Craigslist or Backpage to communicate with sellers. A Safe ‘N’ Sound profile is fast becoming the ideal way to contact a verified classified seller.