Zillow Group
Zillow Group is an American online real estate marketplace company with its principal executive offices in Seattle, Washington, and Class A and Class C shares listed on NasdaqNasdaqNasdaq is an exchange operator and financial technology company headquartered in New York. It runs The Nasdaq Stock Market and other markets and provides capital markets technology, regulatory technology, and data and index services. Founded in 1971, it combined with OMX AB in 2008, and in March 2026 the U.S. Securities and Exchange Commission approved its rules for trading tokenized securities.Open the full entry. It announced the wind-down of its home-buying business Zillow Offers in November 2021, has been led by chief executive Jeremy Wacksman since August 2024, and in October 2026 agreed to pay $212.5 million in cash to settle an investor class action covering share buyers from August to November 2021.
Contents9 sections
Key facts
December 2004Incorporation
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]
2014–2015Acquisition of Trulia
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]
2019Rich Barton Returns as CEO
Co-founder Rich Barton returned as chief executive officer in 2019.[3]
November 2021Ending Zillow Offers
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]
August 2024Jeremy Wacksman Becomes CEO
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]
September 2025FTC Lawsuit
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]
2026Investor Securities Lawsuit
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]
October 2026$212.5 Million Settlement
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]
Sources
- Zillow Group, Inc. Form 10-K 2015 (opens in a new window)
- Zillow Group, Inc. Form 8-K, August 7, 2024 (opens in a new window)
- Zillow Group has a new CEO: Rich Barton hands reins to longtime exec Jeremy Wacksman (opens in a new window)
- Zillow Group Reports Third-Quarter 2021 Financial Results & Shares Plan to Wind Down Zillow Offers Operations (opens in a new window)
- FTC Sues Zillow and Redfin Over Illegal Agreement to Suppress Rental Advertising Competition (opens in a new window)
- Z, ZG Investor News: A Class Action Was Filed on Behalf of Zillow Investors That Lost Money – Contact BFA Law Before August 10 Legal Deadline (opens in a new window)
- Zillow Group, Inc. Form 8-K, October 27, 2026 (opens in a new window)