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Source : CUNY. Source : Business Insider , Gizmodo. Here are 8 weapons of war China showed off during its massive naval parade. He stepped back from the company in , and now focuses on philanthropy. Newmark was born in Morristown, New Jersey in Newmark originally planned on working as a quantum physicist but studied computer systems instead. After graduation, Newmark joined IBM, where he would work for the next 18 years. At his new job with Charles Schwab, Newmark was introduced to the internet during the early stages of many Silicon Valley empires.
New to the city, Newmark relied on recommendations from colleagues and friends. In , he decided to start an email newsletter. Craigslist grew quickly, offering spaces for classified ads online.
Today, the company employs around 40 workers. Over the years, Newmark has been criticized for his site's impact on the newspaper business, as classified ads served as a huge revenue source for print news prior to Craigslist's online disruption.
In a interview with Business Insider, Newmark said he decided, against the recommendations of many advisors, "to monetize as little as possible" and did not take the venture capitalist route so many Silicon Valley companies choose. But no one really needs billions of dollars, except to give away. Newmark also holds advisory board positions for numerous other nonprofit organizations and has donated to Democratic Party presidential candidates.