Zillow Group, Inc. is a real estate company based in Seattle, Washington. It is the largest online real estate company in the United States, with over 97 million active home listings and over $26 billion in total transaction volume since inception.
Zillow was founded in February of 2004 by Rich Barton and Spencer Rascoff, and is now owned by Amazon.com.
Zillow is not owned by Amazon, but Amazon does have a significant stake in the company. Amazon acquired a majority stake in Zillow in 2008 for $2.5 billion, and owns 82 percent of the company’s shares.
In 2016, Amazon announced that it would be buying the remaining 18 percent of Zillow for $3.5 billion.
Zillow’s relationship with Amazon has been controversial. Some homeowners have complained that Zillow’s automated ads are unfairly Targeting them with offers to sell their home.
Others have argued that Zillow’s dominance in the real estate market has led to inflated prices and decreased competition.
While Amazon’s ownership of Zillow has been controversial, it has not had a negative impact on the company. Zillow has continued to grow and increase its market share, and has even begun to venture into other industries.
Overall, Zillow is a successful company that is owned by Amazon, and while its relationship with Amazon has been controversial, it has not had a negative impact on the company as a whole.
