Top management plays musical chairs at Zillow

Amy Scott Feb 22, 2019
HTML EMBED:
COPY

Top management plays musical chairs at Zillow

Amy Scott Feb 22, 2019
HTML EMBED:
COPY

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.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.