Move (company)

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Move,Inc.
TypePublic
IndustryInternet services
Founded1996
HeadquartersCampbell, California
Key peopleJoe F. Hanauer, Chairman
Steve Berkowitz, CEO
ProductsRealtor.com, HomeInsight, Top Producer, SeniorHousingNet, ListHub, Moving.com & SocialBio
RevenueIncrease$191.72 Million USD (2011)
Net incomeIncrease$7.26 Million USD (2011)
Employees1,000 (2010)
Websitewww.move.com
 
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Move,Inc.
TypePublic
IndustryInternet services
Founded1996
HeadquartersCampbell, California
Key peopleJoe F. Hanauer, Chairman
Steve Berkowitz, CEO
ProductsRealtor.com, HomeInsight, Top Producer, SeniorHousingNet, ListHub, Moving.com & SocialBio
RevenueIncrease$191.72 Million USD (2011)
Net incomeIncrease$7.26 Million USD (2011)
Employees1,000 (2010)
Websitewww.move.com

Move, Inc. (NASDAQMOVE) is a real estate web site, which operates the Move Network of real estate web site for consumers and real estate professionals. The Move Network of websites captures more than 15 million monthly visitors. The headquarters for Move, Inc. is in Campbell, CA. Move, Inc., maintains offices in Scottsdale, AZ, Westlake Village, CA and Vancouver, Canada. The Company is listed on The NASDAQ Stock Market under the ticker symbol: MOVE.

Contents

Products and Services

Origin and 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.[3] At the time, the company operated as RealSelect, Inc.[4] although the company became better known as Homestore.

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.[12] Wolff's conviction was overturned on appeal in 2008,[13] but he eventually plea bargained for a sentence of 3-5 years.[14]

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.

See also

References

  1. ^ "Move.com Launched on Tuesday". maxsell.net. May 5, 2006. http://maxsell.net/movecom-launched-on-tuesday/. Retrieved 2011-08-04. 
  2. ^ "Move Acquires Online Real Estate Listing Syndicator ListHub For $13 Million". TechCrunch. September 21, 2010. http://techcrunch.com/2010/09/21/move-threewide-listhub/. Retrieved 2011-08-04. 
  3. ^ "Realtors' On-Line Venture Gets Capital for Restructuring Effort". Wall Street Journal. November 13, 1996. http://online.wsj.com/article/SB847846831424684500.html?mod=googlewsj. Retrieved 2009-04-02. 
  4. ^ "Why REALTOR.com Matters to REALTORS". National Association of Realtors. http://www.realtor.org/realtororg.nsf/pages/Rcominfo2?OpenDocument. Retrieved 2009-04-02. 
  5. ^ "Homestore's New Management Trying to Put House in Order". LA Times. February 27, 2002. http://articles.latimes.com/2002/feb/27/business/fi-homestore27/3. Retrieved 2012-04-12. 
  6. ^ "Move". Elevation Partners. http://www.elevation.com/EP_port_item.asp?id=2. Retrieved 2009-04-02. 
  7. ^ "Homestore, Inc. to Change Name to Move, Inc." (Press release). Move, Inc.. February 22, 2006. http://investor.move.com/releasedetail.cfm?ReleaseID=488129. Retrieved 2011-08-04. 
  8. ^ "Move and Builder Homesite Join Forces and Resources to Connect Builders with Buyers" (Press release). PRNewsWire. October 14, 2009. http://www.prnewswire.com/news-releases/move-inc-and-builder-homesite-inc-launch-builders-digital-experience-new-home-marketing-venture-64287822.html. Retrieved 2011-08-04. 
  9. ^ "Move Acquires Online Real Estate Listing Syndicator ListHub For $13 Million". TechCrunch. September 21, 2010. http://techcrunch.com/2010/09/21/move-threewide-listhub/. Retrieved 2011-08-04. 
  10. ^ "Mortgage Match Targets First-time Homebuyers". UPI. http://www.upi.com/Real-Estate/2010/12/01/Mortgage-Match-Targets-First-time-Homebuyers/9811291222331/. Retrieved 2011-02-10. 
  11. ^ "Move acquires SocialBios". InmanNews. July 18, 2011. http://www.inman.com/news/2011/07/18/move-acquires-socialbios. Retrieved 2011-08-04. 
  12. ^ Palmeri, Chris (July 6, 2006). "How Stuart Wolff Got Himself Caught In A Trap". BusinessWeek. http://www.businessweek.com/the_thread/hotproperty/archives/2006/07/how_stuart_wolf.html. Retrieved 2009-04-02. 
  13. ^ Egelko, Bob (January 15, 2008). "Homestore CEO's fraud conviction overturned". San Francisco Chronicle. http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/01/15/BUDSUF57V.DTL&feed=rss.business. Retrieved 2009-04-02. 
  14. ^ Carter, Matt (January 11, 2010). "Stuart Wolff pleads guilty". http://www.inman.com/news/2010/01/11/stuart-wolff-plead-guilty. 

External links