- Move, Inc. provided the following statement regarding Zillow CEO Spencer Rascoff's comment on CNBC: Last Friday on CNBC, Zillow CEO Spencer Rascoff [largest property portal in the US] accused Rupert Murdoch of News Corp [having bought Realtor.com Zillows rival in late 2014 ] of acting out of 'desperation' in filing a 'vindictive' lawsuit. But that litigation was filed by Move long before News Corp even owned the company, and it is based squarely on the merits of the case, not emotions. In Zillow's own filings with the SEC [see below], it has concluded there is a 'reasonable possibility' it will suffer a loss in this lawsuit. ;) oh yeah :) It's understandable why Mr. Rascoff said today of the litigation, he's 'tried to put it out of my mind.' Just last week, the judge ordered defendants to appear for a two-day evidentiary hearing on April 13 and 14 into Move's claims that important evidence has been destr...
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