craigslist has posted a record $500,000 in cash to its website after it went public on Monday, bringing the company’s total assets to $1.2 billion.
The company, which specializes in online classified ads, went public in the US on June 30, and has already posted an impressive $1 billion in revenue for the year so far.
In total, the company has posted $1 million in cash.
Craigslist is the fourth-largest classified ad site in the world, according to market research firm Canaccord Genuity.
It also has a strong presence in the UK, Germany, Australia, and India, among other markets.
Craighan says it expects to post $50 million in quarterly revenue in the next year.
In its most recent earnings call, it reported a net loss of $2.1 million.
The post has raised questions about the legality of the company, with critics calling for it to be shut down.
“The craigslist website was designed to allow consumers to find and buy goods, services, and experiences in a variety of categories and categories of people,” according to a statement posted on its website.
“Unfortunately, as of today, craigslist is a fraudster.
The company is not in compliance with the law and has gone to great lengths to avoid detection and prosecution.
The legality of this site will be determined through an investigation.”
Craigslist says it has more than 8.7 million members, and its website is home to more than 2 million classified ads.