QUOTE AND NEWS
The Economic Times  Jul 21  Comment 
in every geography that we work in, for the work that gets done inside the geography, we should hire local workforce and deliver locally.
The Economic Times  Jul 20  Comment 
A few sections of media had earlier reported that the bots took over jobs of 12,000 employees at Wipro last year.
Clusterstock  Jul 18  Comment 
Zillow, a leading real estate and rental marketplace, has put out a list of the top housing markets still showing scars from the housing crash. "Roughly half of American wealth is held in home equity," wrote Zillow Chief Economist...
SeekingAlpha  Jul 17  Comment 
Forbes  Jul 14  Comment 
Is PTO enough to keep veteran staff engaged and loyal? Here’s how one company goes a step further to reward and revitalize its employees.
MarketWatch  Jul 14  Comment 
The online retailer posted a “hire a realtor” page but quickly removed it, but one analyst thinks Zillow has a strong moat.
TechCrunch  Jul 12  Comment 
 Hutch, the interior design app that takes a photo of your room and virtually redecorates it, has raised $10M in funding from real estate platform Zillow. Zillow’s CEO Spencer Rascoff will also join Hutch’s board of directors as part of the...
SeekingAlpha  Jul 11  Comment 
Forbes  Jul 10  Comment 
The Gen Z audience flocked to VidCon this year, revealing important insights about appealing to this new generation of consumers.




 
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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