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Patrick Boyle On Finance — Zillow's Home Flipping Business Made No Sense
Buzzing ratingBUZZING· 71%10m·2021-11-06·Money

Zillow's Home Flipping Business Made No Sense

Patrick Boyle On Finance

Send us a textZillow, the digital real estate company, said on Tuesday that it’s exiting Offers, its business that buys and flips homes, and eliminating 25% of its workforce.The announcement was attached to Zillow’s third-quarter earnings report. The company’s revenue and earnings missed analysts’ estimates.“We’ve…

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