18 min listen
Zillow's Home Flipping Business Made No Sense
Zillow's Home Flipping Business Made No Sense
ratings:
Length:
11 minutes
Released:
Nov 5, 2021
Format:
Podcast episode
Description
Zillow, 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 result in too much earnings and balance-sheet volatility.”Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle On YouTube Support the show
Released:
Nov 5, 2021
Format:
Podcast episode
Titles in the series (100)
Day Traders To Billionaires - Online Trading in the 1990's by Patrick Boyle On Finance