A 7% shareholder calls for the CEO and CFO to be fired this week. Uh-oh.
Alan Dalton (former head of Realtor.com), having already been pushed aside months ago, finally gets the boot. (But don't feel badly for him -- he got full vesting on all of his options, plus $675K. Details here.)
Hitwise reports that their traffic moved from #2 to #8 in the category in just one month. Personally, I don't really trust that data. But it still must have bummed MOVE out to hear it.
Thanks for the chuckle. I apologize for not being able to apologize but Move and all their troubles just seems to amuse me for some reason. I am warped...what can I say?
I don't trust that data either.
I need to write my Zillow story soon. You will get a kick out of it.
Spencer, and you forgot the thinly veiled comments on their most recent quarterly earnings call:
"These new competitors must figure out how to monetize their sites in a scalable fashion, for they have poured millions of investor dollars into their products and with the divergent between public market and private evaluation something has to give."
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