Move (company)

Updated on Dec 08, 2024

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Trading name realtor.com Industry Real Estate CEO Ryan O'Hara (Jan 2015–)		Type Subsidiary company Founded 1996 Record label Audiomotion Recordings

Traded as NASDAQ: NWSNASDAQ: NWSAASX: NWSASX: NWSLV Key people Ryan O'Hara, CEONate Johnson, CMOBryan Charap, CFOSuhail Ansari, CTOLuke Glass, Executive Vice President Industry PlatformsRaymond Picard, Executive Vice President SalesMarcy Greenberg, Executive Vice President PeopleJames S. Caulfield, Executive Vice President General Counsel and SecretaryHahn Lee, Senior Vice President Business Development and StrategyJonathan Smoke, Chief Economist Headquarters Westlake Village, California, United States Subsidiaries Move Sales Inc, RealSelect Inc Parent organizations News Corp, News Corporation, RealSelect Inc Albums Move Inc. - Heads Up (Heads Up), Old Gold (Old Gold), Opus 1, Back to the Beat (Back to the Beat)

Move, Inc, is a real estate web site, which operates the Move Network of real estate web sites for consumers and real estate professionals. The Move Network of web sites captures more than 60 million monthly visitors. The headquarters for Move, Inc. is in Santa Clara, California. Move, Inc. maintains offices in New York City, Scottsdale, Arizona, Westlake Village, California and Richmond, British Columbia, Canada.

Consumer Products

Realtor.com - Move Inc's flagship product, built in collaboration with the National Association of Realtors, provides online search for real estate. Listing data is provided from about 900 Multiple Listing Services (MLS) across the U.S. It also provides mortgage and home financing tools. Realtor.com's mobile apps for iOS and Android provide easy access to listings.

Move.com - Launched in May 2006, Move.com is the corporate site for Move inc. It also connects to Move Rentals and Realtor.com's for sale and new home community listings.

Doorsteps.com - rental search portal covering homes and apartments in Austin, TX.

DoorstepsBuy.com - step by step guide to home buying for first time home owners.

Moving.com - offers moving-related services and tools online.

SeniorHousingNet.com - online search for senior housing, including independent and assisted living facilities, nursing homes, retirement communities and other elderly care.

Relocation.com - online resources for users that are looking to move into a new home or apartment. Contains resources on moving, storage, utilities, home improvement, and more.

Professional Products

Top Producer - a leading marketing and lead generation systems for real estate professionals.

ListHub - acquired in 2010, provides Multiple Listing Services and real estate brokers and agents with a listing syndication platform.

FiveStreet - acquired in 2013, FiveStreet is a lead management and distribution product for real estate professionals.

Reesio.com - Platform for professionals to collaborate and communicate with home buyers and sellers, mortgage professionals, title and escrow companies, inspectors and other service providers.

History

The company began by working with the National Association of Realtors (NAR) to host and manage the listings of Realtors nationwide in the mid-1990s. At the time, the company operated as RealSelect, Inc. although the company became better known as Homestore.

In 1999, Homestore went public, and raised $140 million. NAR retained a significant equity position, but Homestore negotiated agreements with hundreds of Multiple Listing Servicees (MLSs) and brokerages to secure direct feeds of listings and found itself in a head-to-head competition for listings and traffic with Microsoft’s HomeAdvisor.

On December 21, 2001, the company determined that it would restate certain portions of its financial statements.

In January 2002, Homestore was sued in violation of the Securities Exchange Act by issuing misleading financial statements.

In November 2005, Elevation Partners, a Bay Area Equity Firm, announced a $100 million investment in Homestore.

In February 2006, Homestore changed its name to Move, Inc.

In October 2009, Move, Inc. entered into a joint venture with Builder Homesite, Inc. Through the strategic partnership, BDX operated the Move.com New Homes channel and NewHomeSource.com.

In September 2010, Move acquired online real estate listing syndicator ListHub.

In December 2010, Move launched an online mortgage offering called MortgageMatch.com targeting first time home buyers and those looking to refinance.

In July 2011, Move acquired SocialBios.

In December 2013 and July 2014 its relationships with AOL and MSN, respectively, ended.

On September 30, 2014 News Corp and REA Group announced the acquisition of Move Inc.

On March 12, 2016 Move Inc. relocated its headquarters to Santa Clara, CA and used the Realtor.com brand for its signage.

On December 2, 2016 Move inc. sold Tigerlead to Commissions inc .

Criticism and controversy

Much of the past criticisms of the company centered on the actions of the management team during the rise of the dot-com bubble. In particular, the founder and former CEO, Stuart Wolff, was convicted of insider trading and falsifying the company books. Wolff's conviction was overturned on appeal in 2008, but he eventually plea bargained for a sentence of 3–5 years.

W. Michael Long, former CEO of Healtheon Corp. and chairman of WebMD Inc. after its merger with Healtheon took over as CEO on January 7, 2002. He was joined by two other former Healtheon and WebMD executives: Jack D. Dennison, chief operating officer, and Lewis R. Belote III, chief financial officer. Joe F. Hanauer, former head of Coldwell Banker’s Residential Group, was named chairman of Homestore’s board of directors.

Songs

SupermaxOld Gold (Old Gold) · 2013
PhoenixOld Gold (Old Gold) · 2013
ArmandoOpus 1 · 2013

References

Move (company) Wikipedia

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