Move.com
From Wikipedia, the free encyclopedia
| Move.com | |
| Type | Public (NASDAQ: MOVE) |
|---|---|
| Founded | N/A |
| Headquarters |  Westlake Villiage, California, USA |
| Key people | Joe F. Hanauer, Chairman Mike Long, CEO |
| Industry | Internet services |
| Products | Realtor.com, WelcomeWagon.com, Top Producer, Move.com, SeniorHousing.net, and Moving.com |
| Revenue |  $252.62 Million USD (2005) |
| Net income | $0.55 Million USD (2005) |
| Employees | 1,800 (2006) |
| Slogan | N/A |
| Website | www.move.com |
Move.com is an online real estate website, parent company Move, Inc., which also operates Realtor.com. Move provides the best online Real Estate search tools for rentals, new homes and everything you need to help making finding and moving into your next home easier.
Contents |
[edit] History
The company's roots go back to the early days of the internet when they were able to work with the National Association of Realtors (NAR) to host and manage the listings of [Realtors] nationwide.
In November 2005, Elevation Partners, a Bay Area Equity Firm, announced a $100 Million investment in Move. (source: http://www.elevation.com/EP_port_item.asp?id=2)
In February 2006, they announced their intention to change their name from Homestore to Move, which was formalized in May 2006.
Phil Dawley, one of the first employees of Move, [talks about the history of the company in this video http://one.revver.com/watch/117776].
[edit] Features
Move helps people before, during and after a move. In addition to the home search available on Realtor.com, the company has branched out into relocation services (moving.com), new home and rental search (move.com), new mover welcoming service (Welcome Wagon), local business directory (Welcome Wagon), and real estate agent productivity tools (Top Producer).
[edit] Criticism and Controversy
Much of the past criticisms of the company centered around 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. [source: http://www.businessweek.com/the_thread/hotproperty/archives/2006/07/how_stuart_wolf.html].
During the more zany internet days, Homestore ventured into all kinds of different businesses including producing the Home Movie, a documentary about five very unusual homes in America.
