Congratulations are in order for Spencer Rascoff the new CEO of Zillow.com.
Rich Barton is "stepping up" to chairman and farmer COO Rascoff is stepping up to CEO.
According to VentureBeat Does Zillow CEO’s exit mean the IPO’s off?
"The company has announced that COO Spencer Rascoff is replacing Barton as CEO. Zillow, of course, is trying to cast this as a smooth transition. Rascoff, formerly Zillow’s chief financial officer and head of marketing, has been running much of the company’s operations. And Barton is remaining as chairman, a classic move that Silicon Valley spinmasters like to call “stepping up,” not “stepping down.”
According to the VentureBeat article that fact that Barton is no longer COO may signal that an IPO is not going to happen but that Zillow is for sale?
The VentureBeat article says Zillow is profitable. Zillow started in 2005 or 2006? Zestimates were the first thing they offered, to consumers. Next they've become a listing site...