QUOTE AND NEWS
Forbes  Apr 18  Comment 
Shawn "Jay Z" Carter is a member of this year's Forbes Five--a list of the wealthiest hip-hop acts that appeared in the May 5th, 2014 issue of FORBES magazine. Though they've all had successful careers in music, it's their outside business...
Clusterstock  Apr 18  Comment 
There was once a time when buying a house was considered a guaranteed winner of an investment. But the inflating and subsequent burst of the housing bubble has left many skeptical of the long-term value of owning a home. Further, many...
TheStreet.com  Apr 17  Comment 
NEW YORK (TheStreet) -- I can vividly recall the excitement when going for a ride in my sister's cherry red, 1991 Chevy Camaro Iroc Z. Wow, the squared sexiness of the design, and the signature T-tops, was enough to make any 16-year old boy's...
Forbes  Apr 16  Comment 
Jackson’s influence on the rap world, including the members of the Forbes Five, can be seen in the copious sampling of his work by artists from Jay Z to Kanye West and in frequent shout-outs to the singer in verse, but also in the way that some...
Forbes  Apr 16  Comment 
The Cohiba Comador is available only at a handful of retailers across the U.S. It’s got a price point to match: $210 for a regular pack of seven cigars, $350 for seven in a Spanish cedar-lined travel humidor and $999 for 21 of them in a...
Forbes  Apr 16  Comment 
With 12 studio albums under his belt - eight of which have gone multi-platinum - Shawn Carter, 44, is one of the world’s most successful rappers. He’s also one of the richest: Think you know Hova? Here are the numbers behind the rap genius.
Times Online  Apr 16  Comment 
A is for what it is all About, and the true meaning of Easter, which celebrates the day Jesus came back...
New York Times  Apr 15  Comment 
By producing and investing in a series of successful start-ups like Expedia, Zillow and Glassdoor, Richard Barton has managed to accomplish something few others have done.
New York Times  Apr 14  Comment 
By producing and investing in a series of successful start-ups like Expedia, Zillow and Glassdoor, Richard Barton has managed to accomplish something few others have done.
Times Online  Apr 11  Comment 
Click on the tab above to launch our interactive graphic for the A to Z of the First World War....




 
TOP CONTRIBUTORS

Zillow, Inc (NASDAQ:Z) runs a web marketplace for real estate. The website allows homeowners, buyers, sellers, renters, and real estate agents to connect through the website. In addition, the site provides estimates on the value of homes using a proprietary algorithm. Zillow makes money through subscriptions paid by real estate agents and professionals in order to post their profiles on the site. This allows real estate professionals to gain access to customers and allows customers to more clearly understand their options. The company also makes money through traditional advertising displayed on the website.[1]

Business Overview

For the full year 2010, Zillow reported a total revenue of $30.5M, a 74% increase over the previous year. The company had a net loss for the same period of $6.8M.[2]

New Updates

The company's initial public offering of stock on the NASDAQ occurred on July 19, 2011. The company offered 3.5M shares each for $20. This was above the revised price range of $16-$18. The initial price range was $12-$14. The deal raised a total of $70. The lead underwriter was Citigroup (C).[3]

Trends & Forces

Reliance on real estate professionals

Zillow's business model is to allow free access to individuals who want to buy, sell or rent, while only charging professionals. As a result, Zillow must continue to provide enough value to real estate professionals in order to provide reason for them to pay their subscriptions. The page views of individuals is important as it translates to more valuable subscriptions for professionals, yet this is only indirect. Real estate professionals will only be willing to pay for subscriptions to the extent that it helps them attract new customers.[4]

Dependence on the real estate market

Because Zillow's revenues are closely tied to the level of traffic and the level of subscriptions to the site, its performance is based on the real estate market. A slow market where relatively few homes are being bought and sold will result in decreased interaction on the site and so less revenue. By contract, increased market activity may cause usage of the site to rise.[5]

  1. Z S-1/A 2011 PROSPECTUS SUMMARY "Our Company" pg 1-3
  2. Z S-1/A 2011 PROSPECTUS SUMMARY "Summary Financial and Other Data" pg 9
  3. Renaissance Capital - IPO Home "Zillow surges on early trading" 20 July 2011
  4. Seeking Alpha "Will Zillow's IPO Wow the Market?" 18 July 2011
  5. Z S-1/A 2011 PROSPECTUS SUMMARY "Risk Factors" pg 12-18
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