Zillow Posts

Zillow Inc (Z) hit with lawsuit by Realtor association and Move

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Online real estate service Zillow Inc (NASDAQ:Z) has been sued by Move and the National Association Of Realtors for poaching the former president of Realtor.com. Move is the company that runs Realtor.com and moving.com. Zillow hired former Realtor president Errol Samuelson as its chief industry development officer. Move is suing for breach of contract, breach of fiduciary duty, and misappropriation of trade secrets.

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Zillow Inc (Z) To Raise $205 Million From Follow-On Offering

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Zillow Inc (NASDAQ:Z) announced on Monday that they have sold 5,023,486 shares in a public offering.  Zillow sold 2.5 million shares at $82 per share, which brought in $205 million.
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Zillow Inc (Z) Buys StreetEasy For $50 Million

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Zillow Inc (NASDAQ:Z) has acquired StreetEasy for $50 million in cash.  The company also applied for a follow-on offering of another 2.5 million shares of Class A common stock.  This is equivalent to around $228 million based on the company’s closing stock price of $91.22 on Friday.  StreetEasy receives around 1.2 million monthly unique visitors.
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Zillow Launches Their First TV Ad

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Zillow, the popular online real estate company, is launching their first TV ad campaign.  The TV ad is called “Long Distance” and it shows the hardships of finding a house while parents have a long-distance relationship.  There is a surprise ending and I won’t spoil it for you.  The ad is going to air on cable TV networks CNN, HGTV, Lifetime, and USA.
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Zillow To Respond To Q&A Through Facebook and Twitter

Zillow is going to start answering questions about their quarterly financials using Facebook and Twitter.  Earlier this month, the SEC approved the use of social media for talking about financials.  It was first questioned when Netflix CEO Reed Hastings mentioned a company milestone on Facebook without reporting it in financial documents.
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Zillow Digs Lets Users Find Photos Of Home Decor

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Zillow has launched a new product called Zillow Digs.  Zillow Digs is an iPad and web application that lets users share and find photos of home decor and remodeling projects.  The user interface is very Pinterest-like.

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Zillow Acquires HotPads.com

Online real estate tracking company Zillow has acquired HotPads for $16 million in cash.  This is Zillow’s sixth acquisition in under 2 years.  Zillow previously acquired companies likes Mortech, Buyfolio, RentJuice, and PostLets.  HotPads raised $2.3 million in funding 5 years ago from Meakem Becker Venture Capital and several other investors.  HotPads receives around 2.8 million unique visitors.  Zillow hits around 36 million monthly unique visitors.

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Zillow Announces Quarterly Earnings, Acquires Mortech

Zillow has reported their Q3 earnings revenues recently.  The company is reporting $31.9 million in revenues and earnings of 8 cents per share for the quarter ending September 30th.  Zillow has revenues of $19.1 million and an earnings per share of 2 cents last year in the same quarter.  Zillow made $23.6 million from the marketplace and $8.3 million from display advertising.

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