Marketplace®

Daily business news and economic stories

Top management plays musical chairs at Zillow

One co-founder moves out of the CEO position, and another moves back into it.

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.

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    a day ago
    25:48
  • Make Me Smart
    a day ago
    24:33
  • Marketplace Morning Report
    a day ago
    6:48
  • Marketplace Tech
    2 days ago
    10:08
  • This Is Uncomfortable
    6 days ago
    4:41
  • Million Bazillion
    a month ago
    32:45