Tag Archives: trla

Trulia Q3 Miss Driven By Refi Weakness, Stock Falls

Online real estate listings company Trulia (TRLA) late Wednesday posted Q3 revenue below its guidance for the first time, and its stock tumbled Thursday. Trulia stock was down 2.5% in afternoon trading in the stock market today, near 43.50. Earlier, Trulia stock was down as much as 8%. Shares are down 35% from an all-time high of 67.50 in late July, reached when No. 1 online residential real estate listings firm Zillow (Z) announced it had agreed

News Corp. Gets Move To Take On ‘Godzulia’

Move, the No. 3 online real estate company that last week agreed to be acquired by media empire News Corp. for $950 million, was destined to link up with a bigger player after its two top rivals announced plans to merge. The merger of those two companies, Zillow (Z)and Trulia (TRLA), is nicknamed “Godzulia” in the industry. “There was certainly pressure on (Move) to join up with someone else, once Zillow and Trulia merged,” B. Riley & Co. analyst

News Corp. Move Acquisition Smacks Trulia, Zillow

News Corporation’s sudden move into the online real estate business has shaken some Wall Street investors. Stocks of online real estate companies Trulia (TRLA) and Zillow (Z) were down more than 2% and 3%, respectively, in midday trading on the stock market today. The decline followed News Corp.’s (NWS) announcement that it plans to acquire Move (MOVE), a leading online real estate company, for $21 a share, or $950 million. The purchase price