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The New Most-Searched Term On The Web? Craigslist

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Hard-hit consumers looking to raise quick cash by selling their belongings are driving big increases in traffic to classified-ad sites, according to Hitwise. The firm reports that traffic to the sites jumped 84 percent in February, compared to a year ago. Most of the new traffic is going to Craigslist, which even in the face of competition from classified-ad networks, like Oodle, continues to boost its market share. One reason Craigslist is benefiting disproportionately: Hitwise says that it has made inroads among lower-income people. The research firm says that 97 of the top 100 classified-ad sites in the U.S. are now owned by Craigslist. A year ago, Craigslist ran 88 of the top 100. Another sign of Craigslist’s growth: “Craigslist” was the most searched term last week, surpassing “MySpace,” which had been the most searched term in the U.S. for three years running.

SEE ALSO: More Pain For Newspapers: Walmart.com Testing Free Classifieds Powered By Oodle

Apr 1, 2009 8:29 PM ET

Posted In: E-Commerce, Classifieds Business, craigslist

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