Wednesday, June 25, 2014

Zillow Shares Are Surging Higher

Investors like what they see in Zillow, and they keep sending the shares higher. The Seattle online real estate company, founded nearly 10 years ago, surpassed $5 billion in market value this week. Zillow certainly is far smaller when it comes to its own revenues, with just $66.2 million during the first quarter. But its audience is growing fast, attracting 79 million users during the month of April, and financial analysts say Zillow still has a lot of headroom in front of it.

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