News Corp spent $7 million dollars last quarter suing Zillow
“That said, listing volume has improved in June and July. Reported segment results include $81 million in revenues and an EBITDA loss of $15 million from Move, which includes $5 million of stock-based compensation and $7 million in legal fees for litigation against Zillow.”
That’s about $2.3M dollar per month. That’s insane. And this is being going on a long time. The real issue here is at the center of all this legal carpet bombing are a couple of regular guys (who have done a lot to better this industry by the way) who just switched gigs.