“If anyone thinks Zillow is doing Zillow Offers to make money on home price appreciation, they’re wrong,” Rich Barton told the audience at Zillow’s Unlock…
Posts published in “rich barton”
Zillow to shift ‘from Google mindset to an Amazon mindset’
By The Citizen on October 11, 2019
With iBuying, Zillow must move to a low-margin model that targets “mindbogglingly larger” market than advertising, CEO Rich Barton proclaims in new interview. Source: Inman…
The scourge of untested novelties in real estate
By The Citizen on October 7, 2019
Some innovations — novel or not, untested or not — change how the real estate industry works. Others fall by the wayside. Source: Inman News
IBM sues Zillow over multiple charges of patent infringement
By The Citizen on September 18, 2019
IBM is suing real estate tech giant Zillow over seven charges of patent infringement related to a host of computer processes that Zillow uses to…
In sickness and in health: The rocky marriage of Wall Street and real estate
By The Citizen on September 10, 2019
When real estate and Wall Street have a fling, things often go haywire. And sometimes it can end up impacting the entire industry. Source: Inman…
Zillow seeks $1.1B in fresh capital
By The Citizen on September 5, 2019
The company is offering $600 million in senior notes due in 2024 and another $500 million in senior notes due in 2026, executives announced. Source:…
Zillow moves to dismiss derivative shareholder lawsuit
By The Citizen on August 26, 2019
The real estate tech company argues in a petition for dismissal that its independent directors did not personally profit from the alleged wrongdoing. Source: Inman…
The real estate wonderkids
By The Citizen on August 15, 2019
At this disruptive moment in time, the fate of the real estate industry rests in the hands of a relatively new crop of real estate…
The top 5 takeaways from the real estate industry’s Q2 earnings
By The Citizen on August 14, 2019
Zillow business shifts, Wall Street’s thoughts on profitability and a slow housing market were the biggest topics over the past two weeks. Source: Inman News
Zillow is still losing money on every home it sells – but not as much as it was 6 months ago
By The Citizen on August 8, 2019
Zillow lost, on average, $2,916 on each home it sold in the second quarter of 2019 after interest payments, earnings data shows. Source: Inman News