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Stock Market & Financial Investment News

News Breaks
January 9, 2014
06:31 EDTZZillow could miss Q4 revenue estimate, says Benchmark Co.
Benchmark Co. believes Zillow could miss its Q4 revenue estimate of $56M, which is slightly above the $55.5M consensus, due to moderating traffic trends. The firm notes Zillow's year-over-year traffic growth has slowed substantially since peaking in August at 75%. Benchmark Co. thinks the company's margins could surprise to the upside and keeps a Buy rating on the stock with a $105 price target.
News For Z From The Last 14 Days
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December 18, 2014
13:48 EDTZZillow, Trulia shareholders approve planned merger
Zillow (Z) and Trulia (TRLA) announced that Zillow shareholders and Trulia stockholders voted resoundingly to approve the previously announced definitive agreement, dated as of July 28, pursuant to which Zillow will acquire Trulia. At special meetings held earlier, approximately 88.75% of Zillow votes outstanding and entitled to be voted, and 79.52% of Trulia votes outstanding and entitled to be voted, were voted in favor of the agreement. Zillow shareholders and Trulia stockholders also voted to approve the authorization of nonvoting Class C capital stock in the combined company's amended and restated articles of incorporation. The companies anticipate that the transaction will be completed in the first half of 2015.
December 17, 2014
15:53 EDTZTrulia to host special shareholder meeting
Special shareholder meeting to approve the merger agreement with Zillow will be held in Seattle, Washington on December 18 at 11 am.
15:49 EDTZZillow to host special shareholder meeting
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December 4, 2014
18:34 EDTZZillow reports 74.3M monthly unique users in November
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06:36 EDTZZillow accused of sexual harassment by former employee, NY Post reports
A former employee has sued Zillow claiming a culture of sexual harassment and misconduct, New York Post reports. Reference Link

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