The international classifieds aggregator operator Rubrikk Group is to wind down operations after 16 years.
The company's CEO, Adil Osmani took to Linkedin today to announce the news, thanking staff as well as partners, clients and supporters.
Oslo-based Rubrikk operates a similar business model to classified ad aggregator sites such as Mitula and Trovit (both owned by Lifull Connect). Portals submit feeds of their listings to Rubrikk which in turn uses its own classifieds platform and SEO positioning to pass extra traffic back to the portals at a cost.
According to the company's website, it operates in 12 countries across four continents with listings in the real estate, used cars and jobs verticals. Rubrikk's assets include Libero.it, Kleinanzeige.focus.de and Rubrikk.no.
Rubrikk's departure from the market comes hot on the heels of news that fellow aggregator operator, Lifull Connect is also seeing profits shrink. The Japanese business' recent quarterly investor presentation admitted that revenue for its international aggregation business had fallen 29% behind original forecasts.
Immobiliare.it has agreed to acquire Pisos.com for €22.5 million (USD 24.5 million) with the Italian portal set to double down...
Read More
Spain’s property portal market has long been dominated by Idealista, but Fotocasa is working to shift that impression. Under the...
Read More
Iranian horizontal marketplace Divar's IPO application has been halted after the intelligence segment of a branch of the Iranian military...
Read More
A Zillow executive has weighed into the argument currently surrounding the National Association of Realtors (NAR) Clear Cooperation Policy (CCP)...
Read More
