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In a surprising move that shook Zillow’s stocks yesterday evening, the company’s co-founder and long-time CEO, Spencer Rascoff, has announced that he is stepping down, leaving fellow co-founder Rich Barton at the helm of the real estate tech giant.

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“I will remain deeply involved with Zillow as a board director and major shareholder. But after 14 years at Zillow, I am excited to take a break and see what’s next.”

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Read the full story and learn more about Zillow’s new CEO here

 

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