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News

Zillow sees a future in house flipping

2019-05-10

The Wall Street Journal: Few entrepreneurs have turned as many online ventures into household names as Rich Barton. In his 20s, he started Expedia . com within Microsoft Corp., then spun off the travel-booking site in 1999. Spotting a similar opportunity to make real-estate listings and employer reviews more transparent, he co-founded Zillow Group Z 5.05% and Glassdoor in the following decade, leading Zillow as its chief executive from 2005 to 2010 and afterward as its executive chairman. This year, he joined another select club—that of second-time CEOs.

Lonza's CEO on keeping up with microbiome, gene therapy boom

2019-04-11

BioPharmaDive: Swiss contractor Lonza is one of the largest drug manufacturers in the world. But when approached by customers developing live bacteria-based treatments, Lonza realized it didn't have all the tools needed to produce "bugs as drugs." So the CDMO turned to Danish company Chr. Hansen to create a joint venture which the two firms claim is the first such group globally to provide manufacturing of bacteria strains for therapeutic use.

Real estate website Zillow expands into the mortgage business

2019-04-02

CNBC: Real estate website Zillow on Tuesday announced a new “Home Loans” division that will allow users shopping for mortgages to receive financing directly from the company. It’s Zillow’s latest push toward having customers directly buy and sell homes. The company said in February it was doubling down on its homebuying and selling business, projecting annual revenue of $20 billion over the next five years…he launch of Zillow Home Loans is in conjunction with a change in the company’s mobile apps and website design. The real estate giant also launched a new ad campaign with a new design logo.

U.S. Wage Growth Rebounded in March, Glassdoor Pay Study Shows

2019-04-02

Bloomberg: U.S. wage growth rebounded in March following a sluggish start to the year with lower wage workers seeing the highest gains, according to the Glassdoor March Local Pay Report released Tuesday. Median base pay for full-time workers rose 1.4 percent in March from the same period last year compared with a 1.3 percent rise in February, the report showed. The median base pay for full-time workers in the U.S. increased to $52,748 per year in March 2019.

Changing The Narrative For Women of Color

2019-03-25

Forbes: March is Women’s History Month, which brings talk of the challenges, triumphs and experiences of being a woman to the forefront, writes Rebekeh Bastian, VP of Community & Culture at Zillow Group. There are so many great stories and inspirations that stem from this, and yet there is still the risk of missing the intersectionality of gender identity in our narratives. When we don’t think about what it means to be a woman who identifies as LGBTQ, a woman of color, a woman with a visible or invisible disability, an older or younger woman, etc., there are entire needs and perspectives that can get missed or overlooked. To better understand the perspective of women of color, I recently had the pleasure of speaking with Sage Quiamno and Aparna Rae, founders of Future For Us—a platform dedicated to advancing women of color at work.

Wanted: 3,732 Women to Govern Corporate America

2019-03-21

Bloomberg Businessweek: The possible opportunities for women at the highest levels of corporate oversight are staggering. If every state were to adopt California’s lead, U.S. companies in the Russell 3000 would need to open up 3,732 board seats for women within a few years… But even as the upper ranks of corporate America have begun to diversify, boards have been slower. Vacancies are rare, and when there’s an open slot, personal connections matter. The first time Erin Lantz discussed future board candidates with her fellow directors at car-buying service TrueCar Inc., she saw these network effects play out…Such gender divisions would be fine, except for math. As of now, women like Lantz, the vice president and general manager of mortgages at Zillow Group Inc., make up only one-fifth of the directors on U.S. boards. If nothing changes, corporate governance experts say, it could take another two generations before the boardroom matches the workforce, which is about half female.