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Zillow Group, Inc. (Z) CEO Rich Barton on Q3 2021 Results - Earnings Call Transcript
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.
Zillow is no longer flipping homes due to labor and supply shortages, and its inability to renovate and flip houses fast enough. Rich Barton, Zillow CEO, joins 'Closing Bell' to discuss.
Wilfred Frost joins 'Closing Bell' to report Zillow's latest earnings results.
Here's everything you need to know about the tumult at Zillow, all in one place.
Zillow said on Tuesday that it's winding down its home-buying unit, which competes with Opendoor.
Zillow Group's ambitious tech-fueled bid to shake up how people buy and sell homes is coming to a surprising end.
Zillow had been scooping up thousands of homes to flip for a profit. Then the market turned, and now it's reportedly trying to offload a ton of them.
A day ahead of its third quarter earnings report, Zillow Group's stock took a hit on Wall Street as a new analyst report highlighted how many homes purchased by the company are now underwater.

Earnings Preview For Zillow Group

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Zillow Group (NASDAQ:Z) is set to give its latest quarterly earnings report on Tuesday, 2021-11-02. Here's what investors need to know before the announcement.
While strength in IMT and Mortgage business segments is likely to have aided Zillow Group's (ZG) top line in Q3, higher spending on product development and advertising might have hurt the bottom line.

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Both of these tech stocks are trading well below their all-time highs.
Zillow was a tech company, but is now just a house flipper, the kind of speculator you see all the time on Discovery's HGTV. The post Zillow Group Stock May Have Rebounded, But It Won't Go Up Forever
Zillow is pausing home buying for the rest of 2021, and the reason is a little surprising.
Zillow's unexpected announcement this week that it's putting a temporary stop to its home-buying activities raised many analysts' eyebrows. And some argue that more concerning trends could be on the w
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