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Shares of Market Leader jump after Q2 revenue spurt

Last week, we heard about the financial results of Trulia. On Tuesday afternoon, we’ll get a better sense of how Zillow performs. Today, we’re getting a good look at Kirkland-based Market Leader, the maker of marketing tools for real estate agents that is in the process of being purchased by Trulia for $355 million. Shares… Read More

Truia CEO Pete Flint

Shares of Trulia soar after Q2 revenues rise 77 percent to $29.7 million

Trulia, the San Francisco-based online real estate company that competes directly with Zillow, is seeing its shares rise more than eight percent in after-hours trading following a strong second quarter earnings announcement. Trulia, which agreed to gobble up Kirkland-based Market Leader for $355 million in May, said that revenues rose 77 percent to a record… Read More

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Redfin, Zillow and Trulia agree on the next big thing in real estate: Finding a home through automated recommendations

SAN FRANCISCO — The titans of the online real estate business took the stage Wednesday at the Real Estate Connect conference to talk about the future of real estate. Execs from companies Trulia, Redfin and Zillow were all on stage, and vocally weighing in about what they think is the next big thing. In at least… Read More

Truia CEO Pete Flint

Q&A with Trulia CEO Pete Flint: Market Leader is ‘the operating system’ of real estate

Trulia CEO Pete Flint wants to transform real estate. And with today’s $355 million bid for Kirkland-based Market Leader, the Internet executive took his boldest step yet in making that dream a reality. In acquiring Market Leader in the cash and stock deal, Flint said they are getting one of the most comprehensive lead generation and customer… Read More

[Photo via Julien Gong Min]

OK, we still don’t really get why Zillow was removed from the Nasdaq Internet Index (and Trulia was added)

I was perplexed earlier this week when NASDAQ OMX Group announced plans to remove Zillow from the NASDAQ Internet Index — noting that the publicly-traded Seattle online real estate company was no longer considered an Internet company. Now, here’s where the story took a bizarre turn. At the same time that Nasdaq dropped Zillow, it added Trulia to the… Read More

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Trulia takes aim at Zillow patent suit: ‘Abstract ideas and principles are not patentable’

San Francisco online real estate company Trulia has filed its initial response to Zillow’s patent lawsuit, arguing that the case should be dismissed because the business method in question — Zillow’s online home valuation tool known as the Zestimate — is not patentable. The Zestimate utilizes multiple factors in order to assign automated home values… Read More

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Photo sharing for realtors: Abodograph connects real estate agents with customers

There are countless photo-sharing apps out there for everything from food to dogs. Now, a former Microsoft and Google engineer is trying to do the same for real estate. It’s called Abodograph, and the idea is to provide an easy way for realtors to post photos of their everyday activities and receive real-time notifications from interested customers. Derek Cheng… Read More

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Cramer vs. Cramer: ‘Mad Money’ host changes his tune on Zillow

CNBC talk show host Jim Cramer is known for his loud and outrageous on-screen antics, and earlier this week the “Mad Money” host turned his attention to three real estate companies that recently completed IPOs: Zillow, Trulia and Realogy. Cramer is pretty adamant that investors should avoid Zillow and Trulia, instead taking a closer look… Read More

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Shares of Zillow sink after analyst says prospects stink

Shares of Zillow are taking a beating today after a financial research firm questioned the Seattle online retailer’s business prospects. Citron Research said in its report that the “willowy story Zillow has been telling Wall Street is completely inconsistent with company’s underlying business metrics.” Zillow’s stock is down more than five percent, though it is still… Read More

Truia CEO Pete Flint

Trulia CEO Pete Flint on the IPO, competing with Zillow

Trulia certainly didn’t disappoint in its Wall Street debut. The San Francisco online real estate company raised $102 million; soared more than 40 percent to $24; and finished the day with a market value of more than $600 million. (Shares are off slightly this morning). In a blog post Thursday, Trulia CEO Pete Flint called the… Read More

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As Trulia’s IPO pops, Zillow closes offering at $156M

The fascinating back-and-forth between Zillow and Trulia continues. After pricing its initial public offering last night at $17, Trulia shares are taking off in early morning trading, opening at $22 per share and trading now at more than $24. That’s a very healthy 40+ percent increase over the offering price. The IPO, as we reported… Read More