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Zillow Shuts Home-Flipping Business After Racking Up Losses

Zillow Shuts Home-Flipping Business After Racking Up Losses

Yahoo Finance | Patrick Clark | Nov 2, 2021 (Bloomberg) -- Zillow Group Inc. is pulling the plug on its tech-powered home-flipping operation, after an ambitious effort to transform the company collapsed when its vaunted pricing algorithms proved unequal to the task. The company plans to take writedowns of as much as $569 million and


The post Zillow Shuts Home-Flipping Business After Racking Up Losses first appeared on National Crowdfunding & Fintech Association of Canada.