Clarification: Zillow Is Profitable
The June 12 Online Media Daily commentary "You've Got Users, But Do You Have A Revenue Model?" noted that large Internet properties such as LinkedIn, Zynga, Zillow and Facebook have gone public. It said they have large user bases, but are not always profitable businesses -- at least not yet. There was no suggestion that Zillow was not profitable. According to Zillow, its Q1 2012 revenue was up 103% to $22.8 million.