January 20, 2017 11:11 AM ET

Internet Software and Services

Company Overview of Zillow Group, Inc.

Company Overview

Zillow Group, Inc. operates real estate and home-related information marketplaces on mobile and the Web in the United States. It offers a portfolio of brands and products to help people find vital information about homes, and connect with local professionals. The company’s brands focus on various stages of the home lifecycle, such as renting, buying, selling, financing, and home improvement. Its portfolio of consumer brands includes real estate and rental marketplaces comprising Zillow, Trulia, StreetEasy, and HotPads. The company also provides advertising services to real estate agents and rental and mortgage professionals; and owns and operates various brands that offer technology solution...

1301 Second Avenue

Floor 31

Seattle, WA 98101

United States

Founded in 2004

2,642 Employees

Phone:

206-470-7000

Key Executives for Zillow Group, Inc.

Chief Executive Officer and Director
Age: 40
Total Annual Compensation: $655.0K
Chief Financial Officer, Chief Legal Officer, Secretary and Treasurer
Age: 49
Total Annual Compensation: $431.5K
Chief Business Officer
Age: 43
Total Annual Compensation: $441.9K
Chief Analytics Officer
Age: 48
Total Annual Compensation: $430.1K
Chief Technology Officer
Age: 46
Total Annual Compensation: $477.5K
Compensation as of Fiscal Year 2015.

Zillow Group, Inc. Key Developments

Zillow Launches an iOS® 10-Centric Update to its App

Zillow has launched an iOS® 10-centric update to its app, now featuring iMessage App Store support. This new iMessage® app allows users to quickly access and share photos and information about a home's key features through text messages with friends – all without leaving the messaging screen. According to the Zillow Group Report on Consumer Housing Trends, home shopping is a shared activity, with 86% of people co-shopping with a spouse or partner, and 13% with a friend or other family member. Zillow® for iMessage is designed to fit into the browsing behavior of today's shoppers, who are increasingly searching for homes on their smartphone with the help of their family and friends. In November alone, home shoppers clicked to share homes via text over 1.68MM times in the Zillow iOS app. With the iMessage App, home shoppers on Zillow can: immediately access and browse through Recently Viewed and Saved Homes tabs quickly and easily while on the go; instantly share property photos of for sale and for rent homes, home facts, sales history and Zestimate details with friends and family; Share, confer, and coordinate the home search process all without leaving the text conversation. The new iMessage feature was created during Zillow's November Hack and Innovation Week events. Hack Week is a Zillow tradition, held three to four times per year, when all Zillow employees are invited to dedicate their time to dream up and innovate special projects of their choice. Tapping into the talented minds within the company, this event has seeded some of the most innovative products and enhancements on mobile and desktop including an app designed for real estate agents and a website feature that helps connect income-restricted renters with property managers. Now, only a few weeks after the event, the new iMessage App has gone live.

Zillow Group Seeks Acquisitions

Zillow Group, Inc. (NasdaqGS:ZG) announced today that it intends to offer, subject to market and other conditions, $400.0 million aggregate principal amount of Convertible Senior Notes due 2021 in a private placement. A portion of the proceeds will be used for acquisitions or investments in technologies or businesses that complement its business.

Zillow Group Agrees to Pay Up to $6 Million to Settle Case with U.S. Department of Labor

Zillow Group announced that it settled with the U.S. Department of Labor to resolve the agency's compliance review of the company stemming from a May 5 class action lawsuit settlement. The suit involved allegations that ‘Zillow failed to provide meal and rest breaks, failed to pay overtime, and failed to keep accurate records of employees' hours worked, in compliance with the Fair Labor Standards Act (FLSA) and California law with respect to certain inside sales consultants.’ The settlement included payment by Zillow of up to $6 million, subject to court approval and contingent upon Zillow's resolution of a review by the Wage and Hour Division of the U.S. Department of Labor.

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