Zillow's Surprising iBuying News: What Do Our Experts Think?

·5-min read

Real estate tech company Zillow (NASDAQ: ZG)(NASDAQ: Z) recently surprised the market by announcing that it would permanently exit the homebuying business. In this Fool Live video clip, recorded on Nov. 5, Fool.com contributors Matt Frankel, Jason Hall, and Matt DiLallo give a rundown of the news and discuss their thoughts on the unexpected move. Matt Frankel: If you haven't heard the news, Zillow surprised investors with their third-quarter earnings report, not necessarily with the numbers, but with the announcement that they are going to kill their iBuying business, which Zillow has been promoting as the future of the business for a couple of years now.

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