QUOTE AND NEWS
Forbes  Jun 13  Comment 
They’re bedazzled in diamonds and gold, and cost as much as a pair of Ferraris. No word on whether maker Dubai-based Z Tyre included a specially spangled spare tire in the case the 'World’s Most Expensive Blowout' should occur.
The Australian  Jun 13  Comment 
The Moto Z is the first Motorola smartphone to use an all-aluminium chassis.
Wall Street Journal  Jun 11  Comment 
Motorola’s new Moto Z has magnetic back plates that can add new functions to the phone. WSJ’s Nathan Olivarez-Giles has a first look.
Benzinga  Jun 11  Comment 
Underwater mortgages are loans that are higher than the actual market value of the property they are financing, and Chicago has the highest percentage of them among major metropolitan areas in the U.S. In report issued Wednesday, Zillow Group,...
CNNMoney.com  Jun 10  Comment 
Motorola has taken the headphone jack out of its newest smartphones, making them super slim in the process. Sponsored: Drivers Feel Stupid For Not Knowing This New Rule Do NOT pay your next car insurance bill until you try this.
TechCrunch  Jun 10  Comment 
Phab 2 pro is the first project tango phone to hit the market, Moto Z is a modular phone that can be everything from a loudspeaker to a projector, You can now leave video Comments on Facebook, If you’re under 18 years old you’re no longer...
TechCrunch  Jun 9  Comment 
 The Tango-powered (and weirdly named) Phab 2 Pro wasn’t the only crazy phone on display at Lenovo’s Tech World today. Joining it on stage was a new handset from Lenovo’s sister company, Motorola: the Moto Z, a modular smartphone that can...
TechCrunch  Jun 9  Comment 
 Call me old fashioned, but I like my phones in one piece. But that’s not the future according to LG. Or Motorola. Or Google’s Ara team. These companies see consumers swapping widgets and gizmos on and off their phone like it’s some sort...
Yahoo  Jun 9  Comment 
Snapchat is growing in popularity among millennials and Gen Z, but it's still not on the level of Facebook when it comes to advertising, insiders say.
Insurance Journal  Jun 9  Comment 
Seattle, Wash.-based real-estate information website Zillow is paying $130 million to settle a lawsuit brought by rival Move Inc. The Seattle Times reported that the settlement was disclosed in securities filings earlier this week, ending more...




 
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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