Zillow Group Inc (NAS:Z)
$ 84.71 -0.74 (-0.87%) Market Cap: 19.59 Bil Enterprise Value: 18.58 Bil PE Ratio: 0 PB Ratio: 4.09 GF Score: 64/100
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Zillow Group Inc at RBC Capital Markets TIMT Conference Transcript

Nov 20, 2019 / 03:15PM GMT
Release Date Price: $38.88 (+2.88%)
Mark Stephen F. Mahaney
RBC Capital Markets, Research Division - MD & Lead Internet Research Analyst

Hello. I'm Mark Mahaney, Director of Internet Research at RBC. We have the CEO and Co-Founder of Zillow here, Rich Barton. I think he's well-known to everybody. I think Rich has gone where very few founders have gone before. Like he actually came back to the business, and I think he's participating in one of the riskiest -- boldest and riskiest pivots that you see in the public markets; when a company takes a highly profitable business and announces that they're going to make a major pivot into an unproven business model. And for somebody to come back in and to do that, I think there are very few founders who could do that and could do that with credibility. I mean I think that's what the stock market price action has said, that the market's willing to give Rich and Zillow the benefit of the doubt on this one. So we're going to get into that.

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