LetGo Archive

EBay Rival Letgo Touts Sales Growth as VCs Foot the Bill

NEW YORK, United States — The long reign of Craigslist and EBay is under assault from several startups offering mobile apps to ease the process of buying and selling used stuff over the internet. The upstarts, with backing from venture capitalists, are moving aggressively and threatening to squeeze the leaders’ profit margins. Letgo, an e-commerce startup with offices in Barcelona and New York, said it’s on track to reach $13.2 …