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So 12 months later I see that the Zillow executives are up to the same old tricks selling their cheap stock options to pay for their Thanksgiving groceries. Have they no hope in Zillows future prospects when they continually keep selling stock the same way as most people go to the ATM machine? Admittedly the stock is substantially down in recent weeks but these guys keep selling. Makes you wonder what they know that investors don't
Just think of how the home owner victims who are saddled with garbage "zestimates" and can't sell their homes or refinance at lower rates feel when they realise how these guys profit from their misery.
People who can't sell their homes are asking more than the market will bear which has nothing to do with Zillow.
It didn't take long for Zillow executives to sell their giveaway 8.5 cent stock options. When they listed on Nasdaq in July they was a 90 day restriction on them selling any of their stock. Virtually all IPO's have a 180 day lock-in period but these guys insisted on the minimum 90 day period and within days of it expiring they were selling. Spencer Rascoff the CEO made $2.4m, Chad Cohen the CFO only a lousy $500k, and a bunch of other chiefs walked away with amounts up to $1m.
Just think of how the home owner victims who are saddled with garbage "zestimates" and can't sell their homes or refinance at lower rates feel when they realise how these guys profit from their misery. The sooner Zillow implements a process to correct such erroneous valuations the better. Currently their attitude is to laugh all the way to the bank at your expense as they draw advertising to their website my inflicting misery
They created something and were successful. Get over it.
So 12 months later I see that the Zillow executives are up to the same old tricks selling their cheap stock options to pay for their Thanksgiving groceries. Have they no hope in Zillows future prospects when they continually keep selling stock the same way as most people go to the ATM machine? Admittedly the stock is substantially down in recent weeks but these guys keep selling. Makes you wonder what they know that investors don't
Like the others who have posted, I see no correlation between the Zillow executives cashing in and home values. Welcome to American capitalism, nothing new to see here. Most corporate executives are common crooks who worry more about their multi-million $$$ bonuses rather than their customers. Life goes on and complaining on an internet forum makes absolutely no difference.
They created something and were successful. Get over it.
There are measures of success and how it is achieved. Any company that abuses consumers the way that Zillow does the way it imposes unwanted and inaccurate zestimates with no right of appeal demonstrates that it has no concept of integrity or fairness. Interesting that today that a class action was filed against Zillow executives for alleged "Violation of Federal Securities Laws". Maybe the old saying of 'what goes around comes around' is true after all.
There are measures of success and how it is achieved. Any company that abuses consumers the way that Zillow does the way it imposes unwanted and inaccurate zestimates with no right of appeal demonstrates that it has no concept of integrity or fairness. Interesting that today that a class action was filed against Zillow executives for alleged "Violation of Federal Securities Laws". Maybe the old saying of 'what goes around comes around' is true after all.
They are more generous with their estimate. 50% extra on the house I'm purchasing lol.
What a deal!!!
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Makes you wonder what they know that investors don't 
