Former Rightmove Boss Scott Forbes Leaves Movebubble Directorship after 3 Months

December 9, 2020
Share this Post: 

The former Rightmove Chairman Scott Forbes has reportedly left his position on the board of up-and-coming end-to-end rentals marketplace Movebubble after only 3 months in the job. After being ousted as Chairman of the portal giant in March amid concerns around his commitment, Forbes joined the board of Movebubble in the Autumn looking to bring his industry experience and contacts to bear on behalf of the startup.

One of the reasons behind his departure from Rightmove in March was a concern among shareholders that Forbes had taken on too many directorships and would not be able to dedicate enough time and energy to the portal's mission and although no statement has been forthcoming from Movebubble or Forbes himself, it seems as though something similar may have happened again. The former Rightmove man is still listed as a director of US auto portal Cars.com as well as several other companies.

Despite the setback of losing a director of Forbes' standing, Movebubble is well placed to grow in the UK as one of a growing number of app-based end-to-end rental marketplaces springing up around the world. The company has reported over 750,000 app downloads and recently claimed a 152% growth of the business over the preceding 12 months.

Stand by for our exclusive interview with Movebubble Founder and CEO Aidan Rushby coming to you soon...

December 9, 2020
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Homely Financial Results
Australian Portal Homely Records 16% More Enquiries in 2023

Australian challenger portal Homely generated over 15.5 million enquiries in the 12 months from April 2023. Homely, which competes with...

Read More
Yandex Q1 Strong Performance From Divested Assets
Yandex Q1 2024: Net Losses for Remaining Assets After Large Scale Divestments

Yandex N.V., the Dutch holding company of the marketplace giant Yandex, has released its financial results for the first quarter...

Read More
Rent.com .Au Q3 Revenus Up
Rent.com.au Q3 2024 Financial Statement: Record Quarterly Revenues of A$890,000

The rental portal operator Rent.com.au has released a report on its activities for Q3 of the Australian financial year. Highlights...

Read More
Schibsted Q1 Group Revenues Down Classifieds Revnues Up
Schibsted Revenues Down Slightly YoY in Q1 Filings

Schibsted, the Norwegian conglomerate that operates marketplaces in the Nordics, Europe and Latin America, has released its Q1 2024 numbers...

Read More