businessNov 6, 202110:56pending

Zillow's Home Flipping Business Made No Sense

About this episode

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 determined the unpredictability in forecasting home prices far exceeds what we anticipated,” Zillow CEO Rich Barton said in the release. “Continuing to scale Zillow Offers would res...

Get every episode summarized

Each time Patrick Boyle On Finance publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.

Email me new episodes

Free for 3 shows. No card needed.

Hosts & guests

PPatrick BoyleHost

No transcript yet

This episode has not been transcribed. Request it and it moves to the front of the queue.

More episodes

Zillow's Home Flipping Business Made No Sense

About this episode

Get every episode summarized

Hosts & guests

More from Patrick Boyle On Finance

The UK is a Warning to the Rest of the World

The Winners & Losers from Trumps New Tariffs

Bitcoin Is Crashing and Exchanges Freezing Up

The Co-Conspirators: The Men the FBI Tried to Hide