Zillow names insider Wacksman as CEO, beats second-quarter estimates

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Zillow names insider Wacksman as CEO, beats second-quarter estimates
ZillowChief Executive OfficerJeremy Wacksman
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Shares of the company jumped 11.5% in extended trading, after it also beat analysts' estimates for second-quarter profit and revenue. Wacksman, a former...

- Online real estate broker Zillow on Wednesday named insider Jeremy Wacksman as its chief executive officer , succeeding co-founder Rich Barton , who would become the co- executive chair .

Zillow said Barton would remain on the board of directors and become co-executive chair alongside co-founder and current executive chair Lloyd Frink."I will remain engaged as my role shifts to counseling Jeremy and the leadership team, rather than daily operational leadership," Barton said in a letter to shareholders.

Zillow also forecast its third-quarter revenue to be between $545 million and $560 million, the midpoint of which is roughly in line with analysts' estimate.Four years after the 2020 election, a newly GOP-aligned election board in Georgia is pushing to reinvestigate the state's largest county for its handling of the vote.

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Zillow Chief Executive Officer Jeremy Wacksman Estimates Executive Chair

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