Zillow CEO Spencer Rascoff Just Went on a Huge Tweet Storm About Why Facebook Inspires Him

NEW YORK (TheStreet) -- Since Facebook (FBwent public in 2012, the company has transformed itself from just another Web site to kill time to an advertising behemoth and one of the world's most valuable companies.

With a market cap well over $200 billion and annual revenues surpassing $12 billion in 2014, Facebook and CEO Mark Zuckerberg have inspired countless companies not just in Silicon Valley, but around the globe.

Enter Zillow (Z) and its CEO Spencer Rascoff.

Rascoff, a former investment banker at Goldman Sachs (GS), has helped redefine the Internet real estate market, transforming how people buy houses.

Like Facebook with Instagram, WhatsApp and Oculus, Zillow has made several large acquisitions, including merging with Trulia, its then largest competitor in Internet real estate advertising.

Last month, Zillow reported first-quarter results, its first official quarter since the Trulia acquisition closed. Seattle-based Zillow earned an adjusted 5 cents a share on $127.3 million in GAAP revenue, up 92% year over year; pro forma revenue, which is a more accurate comparison, however, rose 35% year over year, to $162.5 million in the first quarter. 

Below is a series of tweets -- also known as a tweetstorm. It's Rascoff's take on Facebook, which he sees as a model for his business, one he's watching and learning from, as well as his largest personal investment.

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