Gumtree.com, also known as Gumtree, is a British-based online classified advertisement and community website based at Hotham House, in Richmond, London. Classified ads are either free or paid for depending on the product category and the geographical market. As of November 2010, it was the UK's largest website for local community classifieds and was one of the top 30 websites in the UK, receiving 14.8 million monthly unique visitors according to a traffic audit in 2010.[1]
History
Gumtree was founded in March 2000 by Michael Pennington and Simon Crookall as a local London classified ads and community site, designed to connect Australians, New Zealanders and South Africans who were either planning to move, or had just arrived in the city, and needed help getting started with accommodation, employment and meeting new people. The term 'gum tree', the local Australian phrase for eucalyptus trees in general, was chosen as a word that linked the three communities (even though the gum trees found in South Africa are introduced species, whereas gum trees occur natively in Australia and New Zealand). The founders also felt it reflected the roots and branches of a real community.[2]
In May 2005, Gumtree was acquired by eBay's classifieds group for an undisclosed sum; however, eBay disclosed that it paid a collective $81.6 million for three classified sites: Gumtree, LoQUo and opusforum (with Gumtree being the largest).