The portal wars in the UK are heating up, as CoStar-owned portal OnTheMarket (OTM) fights accusations of using “misleading” traffic data to dethrone competitor Zoopla as the second-most trafficked home search site in England, Scotland, Wales and Northe… Continue reading
While portals spend billions to win their wars, Mike DelPrete questions whether it’s possible for anyone to win on the ultimate metric: revenue. Continue reading
The amended complaint reiterates the allegation that Move “incurred costs exceeding $5,000 as a result of Mr. Kaminsky’s unauthorized access to Move’s protected computer systems” and adds details regarding those damages. Continue reading
The National Advertising Division on Friday denied CoStar’s challenge to Realtor.com’s “No. 1 site real estate professionals trust” tagline. CoStar said it’s based on outdated data. NAD disagreed. Continue reading
Move’s overall revenue dipped 1 percent between July and September, while revenue from its real estate business — including Realtor.com — dropped 4 percent, according to Q3 earnings data released Thursday. Continue reading
Zillow tallied $581 million in revenue between July and September, according to Q3 earnings released Wednesday. Revenue from the portal’s mortgage business hit $39 million, a 63 percent increase from 2023. Continue reading
A California judge on Monday dismissed a pair of Move’s computer fraud claims against CoStar Group and a former Realtor.com editor accused of stealing trade secrets. Continue reading
Visual Lease makes a platform serving more than 1,500 corporate clients. The acquisition bolsters CoStar’s core commercial real estate business. Continue reading
CoStar Group’s revenue grew 11 percent year over year, to $693 million, while monthly average unique visitors for the Homes.com Network of sites reached 130 million, according to Q3 earnings results on Tuesday. Continue reading
News Corp.-subsidiary REA Group announced on Monday it had given up on its quest to purchase Rightmove after its fourth offer of $8.3 billion was rejected by the UK portal’s board of directors. Continue reading