Zillow says it’s closing homebuying business, cutting 25% of workforce; earnings miss estimates
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…Continue Reading








