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Zillow Group, Inc. Message Board

  • surbiton99 surbiton99 May 14, 2013 8:09 PM Flag

    Zillow CEO Spencer Rascoff raids the ATM again with $9.5M profit on option sales

    Do the Zillow executives ever stop selling their giveaway options? SEC Form 4's for Insider Transactions were filed today by CEO Rascoff as he sold 188,373 dirt cheapo stock options for a $9.5M profit. CTO David Beitel made a further $2.6m on top of the $1m he made last week selling his options. General Counsel Kathleen Phillips made a lousy $839k on the 18,279 stock options she sold. Have these guys NO faith in the future of Zillow?

    Most unusual for such significant Insider selling and a $2 stock price increase. I guess they were lucky with the timing of Motley Fools article yesterday suggesting that Facebook or Google would buy Zillow. That article is as groundless as Zillows Zestimates are groundless, and it's almost criminal that these people make so much money out of the misery they inflict on homeowners with substantially inaccurate Zestimates that they impose and refuse ALL requests to correct or delete. It is time that Zillow was subject to some form of regulation to to put a stop to this nonsense and protect homeowners from Zillows inaccurate home valuations, especially when 17% of them are more than 25% incorrect.

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