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- Homestore.com Stock Certificate 2002 (California) - dot com company
Homestore.com Stock Certificate 2002 (California) - dot com company
Homestore.com Stock Certificate 2002 (California) - dot com company
Product Description
Homestore.com Stock Certificate 2002 (California) - dot com company
Dotcom company. Nice vignette of the company logo. Issued and not cancelled. Circa Dated 2002. Issued for 100 shares. Two vertical folds from mailing. Approximately 12 x 8 inches.
Stuart Wolff founded the online real estate company Homestore Inc. in 1996. He established a partnership with the National Association of Realtors, and his company, RealSelect Inc., operated Realtor.com.
The company went public as Homestore.com, Inc. in 1999, and was traded on the NASDAQ stock exchange. In October 2000, Homestore agreed to purchase Move.com from Cendant Corp. for $761 million in stock. In 2001, Homestore operated the websites HomeBuilder.com, HomeFair.com, Realtor.com, HomeWrite.com, and SpringStreet.com, acquired HomeBid, and owned the software Top Producer as well as Wyldfyre technologies.
During the dot-com bubble, Wolff was convicted of insider trading and falsifying revenue results. Homestore's 2000 and 2001 financial reports required refiling, and the SEC investigated the company in 2002. Wolff's conviction was overturned on appeal in 2008, but he eventually plea bargained for a sentence of 3–5 years. Wolff resigned as CEO in 2002. Homestore.com, Inc. changed its name to Homestore, Inc. in 2002, then rebranded as Move, Inc. in 2006. The company's stock symbol was changed from "HOMS" to "MOVE", and the Move.com website was launched in May 2006.
Move acquired the company Threewide, which operated the real estate listing service ListHub, for $13 million in 2010. Move retained ListHub as its own separate brand. Move launched an online mortgage offering called MortgageMatch.com in December 2010, targeting first time home buyers and those looking to refinance, then acquired the social search platform SocialBios in 2011. Move ended its three-year partnership with AOL real estate in 2013, and its decade-long partnership with MSN Real Estate in 2014.
In September 2014, News Corp agreed to purchase Move for $950 million, marking the former company's largest acquisition to date. Move operated the third most-trafficked website network for U.S. listings at the time. The deal was endorsed by the National Association of Realtors, which licensed the Realtor.com URL to Move and allowed the company to operate the site.
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