Zillow Group

Zillow was incorporated as a Washington corporation in December 2004.⁠[1]

Richard N. Barton and Lloyd D. Frink are the company’s co-founders.⁠[2]

Zillow Group was incorporated as a holding company in July 2014 for the acquisition of Trulia, which took effect on February 17, 2015, at a price of about $2.0 billion.⁠[1]

Co-founder Rich Barton returned as chief executive officer in 2019.⁠[3]

On November 2, 2021, the company announced the wind-down of its home-buying business Zillow Offers and a workforce reduction of about 25%.⁠[4]

Barton said the unpredictability in forecasting home prices “far exceeds what we anticipated.”⁠[4]

For that quarter the company had revenue of $1.7 billion and a net loss of $328 million, including an inventory write-down of about $304 million in its Homes segment.⁠[4]

The layoffs affected about 2,000 people.⁠[3]

On August 7, 2024, the company announced the promotion of chief operating officer Jeremy Wacksman to chief executive officer, effective after that day’s quarterly report filing; Barton remained on the board and became co-executive chairman alongside Lloyd D. Frink.⁠[2]

Wacksman had spent more than 15 years at the company, serving as chief marketing officer, president of the Zillow brand and, from early 2021, chief operating officer; he previously worked at Microsoft and Procter & GambleProcter & GambleThe Procter & Gamble Company is a multinational consumer goods company headquartered in Cincinnati, Ohio, and listed on the New York Stock Exchange.Open the full entry.⁠[3]

On September 30, 2025, the Federal Trade Commission sued Zillow and Redfin in federal court in the Eastern District of Virginia, alleging that Zillow paid RedfinRedfinRedfin is a Seattle-based real estate brokerage and home-search platform that launched in 2004 as a map-based listings site and grew into an online brokerage that employs its own agents and attracts customers with low commissions; it listed on Nasdaq in 2017. On July 1, 2025, Rocket Companies completed its acquisition of Redfin, which became a wholly owned subsidiary and was delisted.Open the full entry $100 million under a February 2025 agreement to stop competing in multifamily rental advertising; the case is to be decided by the court.⁠[5]

In 2026, investors filed the securities class action Breidert v. Zillow Group in federal court in the Western District of Washington, alleging that the company misled investors about the Redfin agreement; the allegations have not been decided.⁠[6]

On October 27, 2026, the company agreed to pay $212.5 million in cash, about $48 million of it expected from insurance, to settle the securities class action Jaeger v. Zillow Group.⁠[7]

The settlement covers share buyers from August 5 to November 2, 2021, contains no admission of liability or wrongdoing, and remains subject to court approval.⁠[7]