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New York Times writer Nick Kristof pressured Goldman Sachs to unload its shares in Village Voice Media overnight (and at a million loss) in March.
In July, Washington State introduced a legislative attack on CDA230 that aims to make websites like Backpage criminally responsible for third-party content posted by minors – a move that put the EFF on the offensive on behalf of the Internet Archive, Senior Staff Attorney Matt Zimmerman says, to make sure the legislation “doesn’t cross the line to the government throwing people in jail for what their users do.” Backpage counters they are doing more to fight sexual exploitation than any other classified ad site on the web and have no plans to shut the site down.
Their revenue calculations assume all ads for escort services and body rubs – services that are not illegal – are code for prostitution, another leap in logic.
And traffic, revenue and share-of-market numbers, even accurate ones, are no indication of how many adult ads on Backpage actually convert into a real-world transaction – nor what subset of those transactions are with a minor or someone otherwise coerced into a commercial sex act.
However there are 100 s of copies all over so essentially they just lost al.