Tuesday, 2 November 2021

Zillow, facing big losses, quits flipping houses and will lay off a quarter of its staff.

The real estate website had been relying on its algorithm that estimates home values to buy and resell homes. That part of its business lost about $420 million in three months.

from
https://www.nytimes.com/2021/11/02/business/zillow-q3-earnings-home-flipping-ibuying.html

from Everyhouse https://everyhouse00.blogspot.com/2021/11/zillow-facing-big-losses-quits-flipping.html
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from Everyhouse https://everyhouse0.wordpress.com/2021/11/03/zillow-facing-big-losses-quits-flipping-houses-and-will-lay-off-a-quarter-of-its-staff/
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from Short Sale https://shortsale00.blogspot.com/2021/11/zillow-facing-big-losses-quits-flipping.html
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from Short Sale https://ift.tt/2YbxNyv
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