Craigslist Fuels Online Classified-Ad Surge

Use of online classified ads is surging, thanks mainly to Craigslist. Almost half of all adults who use the Internet in the U.S. now rely on classified sites, according to a study released May 22 by the Pew Internet & American Life Project. That number has more than doubled since 2005, when only 22% used online classifieds, and has increased faster than almost every other online activity covered by the researcher, including online banking, travel booking, and shopping on e-commerce sites like Amazon.com (AMZN).

To continue reading this article you must be a Bloomberg Professional Service Subscriber.