There was speculation yesterday about the lack of properties put up by Purplebricks on Zoopla.
By last night, no new properties had been uploaded, with the last ones showing as having been listed on Monday, when 33 new listings appeared.
Despite the lack of Purplebricks properties on Zoopla yesterday, new listings continued to appear on Rightmove.
Various colourful theories appeared, including that Purplebricks had bought Rightmove, had decided to dispense with all property portals because it is bigger than all of them, or dropped Zoopla to join OnTheMarket which has, after all, been busy recruiting new members.
There was, however, a more prosaic explanation last night from Purplebricks: blame the computers.
“There was a technical issue,” said a spokesperson. “Our IT team has been liaising with Zoopla’s.”
The market did not appear to notice. Shares in Purplebricks lifted yesterday, closing 5% up at 336p.
Comments (11)
Is this FAKE NEWS or NOT NEWS AT ALL NEWS?
Yesterday Zoopla had zero listings for YOPA in the previous 24 hour period.
Zoopla now showing Monday’s listings for them too.
Just a technical issue by the looks of it.
Ahh I’m sure this article was originating from the few obsessives on twitter who spend each day counting reviews and listings.
When the article states ‘there was speculation’ now who exactly was speculating?
was it
Peebee
Robert May
Chris Wood
Aflower101
As I saw no other mention anywhere else.
troll
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troll
PurpleBricks buy out / take over rightmove?!?! Please!!!! Which idiots thought this was possible in this universe or any other!!?
rightmove is a £4bn+ value monster, compared to the piddly £1bn(ish) PurpleBricks or zoopla!!
Yes the RM/Bricks scenario doesn’t look viable but all others are on the table .One thing is for sure nothing stays the same. OTM are either going to sink or swim
It would be no surprise that Axel Springer make a move on OTM .Mirrors their acquistion in France and the £125m investment in Bricks maybe a sweetener to induce Bricks to move to OTM and increase the traffic
Piggybacking their TV advertising for OTM with Bricks Maybe RM or ZPL might swat the pesky OTM away and gobble them up for relatively petty cash Maybe Bricks takeout OTM themsleves that would be a delicious irony
This story is far from over .Fasten your seat belts
Agree Hillofwad. Don’t forget the other ‘blue sky’ scenario that Rightmove have considered and is still in the file marked ‘what do we do in the future to keep shareholders happy if we can’t increase share price and revenue and are being threatened by others’ (not a very inspiring name for a project I realise) Rightmove morphs into an online marketing platform for sale by owner and online agent. As all the big corporate agents have sold their holdings and so many of the national housebuilders now listing on the site for themselves, it is not as off the wall as it might first appear. They have to evolve or die and Zoopla have stolen the march on harvesting data and property software sales. Rightmove reputation is that they get a 70-75% ROCE which is almost unprecedented anywhere in the world for any business! IBM once had that reputation.
Yes I agree RM are quite capable of going it alone . Mr Indpendent has got the RM/PB the wrong way round or maybe the merger of behemoths The permutations are endless
Looking at the market capitalisations of the 3 UK listers OTM are a second cousin twice removed at a paltry £62m OTM are certianly a cheap entry into the potentially lucrative Listing markets
Axel Springer at £7.45 bn are a monster and towers over them all
Looks like normal service has resumed on Zoopla as plenty being added this morning!!!