Industry Relations
CoStar Acquires Matterport: The Photography Wars
Apr 24, 2024
Rob and Greg discuss CoStar's acquisition of Matterport, Zillow's response, and industry giants' reactions. They delve into raising the industry standards and the importance of buyer rep agreements. The podcast also touches on Damian Eales' plans for Realtor.com and upcoming industry trends.
42:29
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Quick takeaways
- CoStar's acquisition of Matterport reflects industry foresight in reshaping real estate landscape through strategic acquisitions.
- Competition intensifies between CoStar and Zillow in tech innovation, highlighting the significance of advanced technology adoption and acquisitions.
Deep dives
Co-Star Acquires Matterport in Response to Industry Predictions
Co-Star recently finalized the acquisition of Matterport for approximately 1.6 billion dollars, aligning with earlier industry discussions where predictions pointed towards strategic acquisitions that could reshape the real estate landscape. The acquisition stemmed from a collective industry dialogue, including insights into potential monumental moves that could be game changers. The acquisition of Matterport by Co-Star reflects a proactive response to industry insights and signals a forward-thinking approach to technology integration and innovation.
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