Thursday, February 27, 2020

A Pattern Is Emerging: He Founded Expedia, Glassdoor and Zillow

The "pattern is emerging" line is from one of the best equity analysts I've ever met who said it as I was kicking myself for not betting on a company that kills its customers, Phillip Morris (now Altria):

https://api.wsj.net/api/kaavio/charts/big.chart?nosettings=1&symb=mo&uf=0&type=2&size=2&sid=1365843&style=320&freq=2&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=20&rand=1967049532&compidx=&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1
BigCharts
And here's the story of the "pattern" in the headline.
From Business Insider:

Zillow CEO Rich Barton reportedly just became a billionaire. Meet the serial entrepreneur who also founded Expedia and Glassdoor.
  • Rich Barton, the founder and CEO of Zillow, became a billionaire after the homebuying site stock surged on a strong earnings report on February 20.
  • Barton led Zillow — which is best known for its suite of real-estate websites including Trulia, HotPads, Naked Apartments, and Streeteasy — to expand into buying users' homes on-demand.
  • Barton also founded travel booking site Expedia while working at Microsoft in the 1990s and cofounded workplace review platform Glassdoor during a nine-year hiatus from Zillow.
  • Visit Business Insider's homepage for more stories.
Zillow CEO Rich Barton has made a career of disrupting closed-off industries on the internet.
First, he undermined airlines' and travel agents' control of the travel industry by launching Expedia; then, he gave homeowners access to information about housing stock and property values that was once closely guarded by real estate agents; and later, he helped job seekers share their salaries and workplace horror stories anonymously with Glassdoor, Forbes reported.

Now, Barton is a billionaire, according to Forbes estimates. Shares of the homebuying site surged on February 20 after it posted a strong earnings report, reportedly vaulting Barton into the three comma club.

A representative for Barton at Zillow declined to comment on Barton's net worth; career at Expedia, Zillow, and Glassdoor; or personal history....
....MUCH MORE