Re:Zillow lost money because they weren't willing to lose money
by nostrademons on Saturday November 27, 2021 @09:34PM
(#29365676)
It sounds like the problem with Zillow Offers is that it didn't have the plausible growth trajectory to 5x or 50x that. It could be a profitable $50M business or an unprofitable $1B business, but not a profitable $1B business. The earnings call shutting it down mentioned that the company wasn't getting the economies of scale that they thought they would be getting.
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