Zillow CEO Jeremy Wacksman has returned to antitrust lawsuits alleging market abuse
good morning. Is Zillow exclusive? I recently spoke to CEO Jeremy Waxman about how he plays offense and defense.
Waxman has left MicrosoftParticipating in Xbox sections Zillow In 2009, home prices fell amid the subprime mortgage crisis. He became CEO last August in a completely different crisis. It has spurred prices, increased mortgage rates, and extremely strict supply. Zillow Stock has since grown by more than 50%, driven by innovations like the AI-powered Zillow showcase. It solidified the real estate site’s control of attracting 227 million unique visitors a month. “What we’re doing is trying to make the process better and easier for those who are buying. As more buyers come, it’s better for everyone,” he says in the latest. Next, leadership Podcast. “This category is very difficult. It’s still very broken.”
However, war is currently underway in the real estate world. A major broker compass Recently I filed an anti-trust lawsuit Zillow argues that the new listing rules, which came into effect on June 30, are abuse of its market position. (Zillow is now available to list on Zillow within a day or to access all public lists that are prohibited from that site. compass From moving some lists away from the site for a while. )
Wacksman points out that the US is “the only market in the world where we, as buyers and sellers, can see all our lists for free. We want to undo that cooperation and really make them pay to keep our own lists and see access to those lists.
Of course, the compass has another take. You can see our conversation here Or you can hear it Spotify or Apple.
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Contact the CEO daily via Diane Brady diane.brady@fortune.com
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CEO Daily has been edited and edited by Nina Ajemian and Jim Edwards.