Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: According to Bloomberg, sources familiar with the situation say Zillow could place a value of as much as $2 billion on its smaller rival, and that a deal could be announced as soon as next week. To be sure, shares of Trulia also jumped by more than 30% on the news, giving it a market cap of almost exactly the reported acquisition price.
Now what: That's not to say such a deal is guaranteed to happen, but I can't blame the market for bidding up shares of Zillow today at the thought. To be sure, I touched on Zillow's sizable lead in the online real estate market only a few days ago -- Zillow grew its monthly unique users by 51% in its most recent quarter, to 70.7 million, compared to Trulia's still-respectable 42% growth to 44.6 million during the same period. Over the long term, if Zillow were to combine forces with its largest, fastest-growing rival this early in the game, there could be little to prevent it from absolutely dominating the industry going forward.
Leaked: Apple's next smart device (warning, it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!