Listen To The Story
Marketplace

Zillow has a new CEO, who happens to also be the old one. The real estate media company, as it calls itself, announced the change as it delivered mixed earnings for the fourth quarter last Thursday. Co-founder — and original CEO — Richard Barton will take over for Spencer Rascoff, who’s been at the helm since 2010. Under Rascoff, Zillow has grown from a $30 million real estate listing platform with 200 employees, to a $1 billion-plus company with more than 4,000 workers. Along the way, Zillow has snapped up 15 real estate and technology companies. So why the shakeup? The answer lies in Zillow’s ambitions to grow its home-flipping business.

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Amy Scott at @amyreports