Zillow CEO stepping down, co-founder to take over
CRAINS NY
Zillow Group Inc., the housing search website that’s taken a hit to its stock price as it pursues an ambitious plan to buy homes and originate mortgages, is bringing back its first chief executive officer to lead the transformation. Chief Executive Officer Spencer Rascoff is handing the reins to Executive Chairman Rich Barton, 51, who co-founded the company in 2005. Zillow, whose shares are down 46% since June, announced the move along with a quarterly earnings report that shows short-term resu…