Historically, Zillow has derived the bulk of its revenue from online advertising, charging real estate agents to gain access to the company’s growing ranks of home buyers and sellers. And while the advertising business won’t be going away anytime soon, Zillow has much bigger ambitions in 2012. Essentially, it wants to become the place where… Read More…
The battle over online real estate listings is starting to heat up again. Jim Abbott, president of the Abbott Realty Group and a 20-year real estate veteran in San Diego, recently announced plans to pull listings from Trulia, Realtor.com, Zillow and other online real estate sites. In a YouTube video announcing the plan (posted below),… Read More…
He’s back… Maybe Spencer Rascoff did so well the first time that Nasdaq just had to have him back. The Zillow CEO is on tap to ring the closing bell on Nasdaq Thursday afternoon, the second time that he’s been asked to go on financial stage on Times Square in the past seven months. The first… Read More…
It’s been a big year for Zillow. The Seattle online real estate company made two acquisitions, completed an initial public offering and turned its first profit. Amid all of the changes, Zillow actually moved into new offices in the Russell Investments Center in downtown Seattle. Amazingly, the 300-person company is getting close to outgrowing the… Read More…
Spencer Rascoff successfully guided Zillow to a blockbuster initial public offering in July, a significant milestone for the fast-growing online real estate company. And while that achievement alone would have warranted Rascoff’s inclusion as a GeekWire 2011 Newsmaker, it’s the little stuff that’s most impressive about the 36-year-old Internet executive. On Monday, Rascoff posted this… Read More…
Shares of Zillow, the Seattle online real estate company, lost more than thirteen percent of their value today after employees and other early investors were able to sell shares for the first time in the public markets. The stock was down by nearly 20 percent at one point in trading this morning after the so-called… Read More…
The best insights, observations, comments, tweets and random zingers we heard this week. “Just got this email from a VC: “Just touching base to see if you’re actively seeking venture funding for Zillow.” Um, we went public dude.” — Zillow CEO Spencer Rascoff on Twitter. “Just got an email from a recruiter for a CEO… Read More…
Zillow CEO Spencer Rascoff has been pretty bullish about the online real estate company’s prospects, telling GeekWire recently that the housing downturn has accelerated the migration of advertising budgets for real estate professional from offline to online. Now, we are getting a closer look at just how well the company is doing, at least in terms… Read More…
Shares of Zillow surged today after Citigroup Global Markets analyst Mark Mahaney said that the Seattle online real estate company’s growth prospects remain strong. Mahaney placed a $36 per share price target on Zillow, noting that the company could double revenue this year. The stock also responded to remarks from CEO Spencer Rascoff who appeared on CNBC… Read More…
It is a good thing Zillow is moving to a new downtown Seattle office space this month. The 264-person company disclosed today in its first conference call as a publicly-traded company that it just opened 40 new positions, including jobs for software engineers and sales professionals. One might imagine that the troubles in the overall… Read More…
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