Items Tagged with 'Zillow Group'

ARTICLES

Zillow revenue hits record highs in first quarter

Surges by 32% annually
Zillow reported its first quarter earnings, showing revenues hit record highs. Site traffic also hit new highs, and the company updated its forecast for its full-year revenues. Now, if revenues hit the midrange of Zillow’s new forecast, it will represent an increase of 25% from 2016.
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End of an era: Trulia co-founder Pete Flint leaving Zillow Group board

Served as Trulia’s CEO from June 2005 until March 2015
In a matter of months, Pete Flint’s only direct connection with the online real estate pioneer he helped found will be the stock he owns in the company that was once his fiercest competitor. Zillow Group, which bought Trulia for $2.5 billion in 2015, disclosed Monday that Flint will be stepping down from Zillow Group’s board later this year, leaving behind the company he and Sami Inkinen founded nearly 12 years ago.
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Jury awards VHT $8.32M in battle with Zillow

Fight over copyright infringement complaints not finished
After a nearly 18-month legal battle between VHT and Zillow Group over copyright infringement complaints, the court award VHT $79,875 in actual damages and $8.24 million in statutory damages. But the court battle isn’t getting put to rest quite yet. Zillow Group said in a statement that it plans to “vigorously pursue all options to overturn their verdict.”
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Zillow just reported its best year ever, in nearly every way

Record revenue and traffic, but still posts a net loss
Zillow Group, the online real estate giant that includes brands like Zillow, Trulia, SreetEasy, HotPads, and Naked Apartments, just turned in its best year ever from a revenue and traffic perspective, but still posted a net loss for the year, the company said Tuesday afternoon. But the company plans to keep growing in 2017, stating that it plans to bring in $1 billion in revenue this year.
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Zillow: Total value of U.S. housing reaches all-time high

Housing market regains all value lost in crisis
The total value of all the housing stock in the United States has never been worth more than it is right now, according to a new report from Zillow. That also means that the U.S. housing market has now regained all of the value that was lost during and after the housing crisis.
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Zillow to pay $6 million to settle alleged labor violations

Accused of failing to provide meal and rest breaks, overtime pay
Zillow Group will pay as much as $6 million to settle a class action lawsuit that accused the company of violating federal labor laws, the online real estate giant announced Monday. The lawsuit accused the company of allegedly failing to provide meal and rest breaks, failing to pay overtime and failing to keep accurate records of employees' hours worked for “certain inside sales consultants.”
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Realtor.com's traffic is growing but still dwarfed by Zillow

Zillow Group websites triple traffic of News Corp property
When News Corp acquired Move Inc., which operates Realtor.com for the National Association of Realtors, in November 2014, the worldwide conglomerate pledged to “turbocharge” Realtor.com. The impact of the News Corp acquisition is still being felt by Realtor.com, which continues to see growth in its web traffic, but the company still has a long way to go to catch the websites of the Zillow Group.
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