the company says its core mission is helping people

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communicate with friends. Days before the campaign’s launch, Spiegel appeared to testify alongside other tech leaders in a Senate hearing focused on the platforms’ safety measures for young users. During the hearing, Spiegel apologized to parents whose children had died after purchasing drugs on Snapchat.Former Zillow execs expand mortgage startup Tomo into home search BY AJ LATRACE on February 20, 2024 at 12:57 pm Tomo’s real estate app uses OpenAI to power text search capabilities. (Tomo Image) This story originally appeared on Real Estate News. Real estate mortgage startup Tomo is moving into home search with the relaunch of its website.

The move isn’t just a major expansion in the company’s scope and business model — it’s also a return to the founders’ roots. CEO Greg Schwartz, along with Tomo co-founder Carey Armstrong and business Brazil Mobile Number List development head Chris Lowe, previously worked together at Zillow on the home search giant’s Premier Agent product. When Tomo launched in June 2021, the company was solely focused on mortgages and online lending. Now it appears the founding team is taking Tomo in a new but familiar direction — though with some distinct differences. The release marks a milestone in an up-and-down journey for Tomo that has included fresh funding from investors followed by layoffs amid a rocky real estate market. Schwartz spoke with Real Estate News about Tomo’s latest expansion into the portal space and what it means for the company and consumers. Answers were edited for brevity and clarity.



What prompted this move? Greg Schwartz: This is a wonderful adjacency for our mortgage business. I don’t know that we ever intended to launch a portal, to tell you the truth, but it’s in our blood. Once it gets in you, you don’t usually move on. I’ve been watching OpenAI and ChatGPT closely for a while and have also been really focused on what computer vision could bring to real estate with better analysis of the data and photos. This emergence of AI looks like another platform shift — I think that’s not a hugely unique insight — but I think it has the potential to transform how people search for homes. And that’s a once- or twice-in-a-career opportunity, and it was too hard not to jump into. Does this shift into home search signal that Tomo is getting away from the mortgage business? No way is it a pivot from mortgage — mortgage is the heart of this company. It’s an expansion. At our last company, and in many companies, you go from a core and you expand.