Why do companies think they can sneak bad news items on the day after Christmas when most people are busy with other matters? Are they so stupid to think people won't notice? and the cancellation will only add fuel to the fire that the 4th quarter will be even worse than forecast back in November when the stock fell 25% sparking the investors class action.
Delaying the Investor Day 10 weeks will give Zillow executives plenty of time to invent some 'spin' on the full year numbers and avoid any issues of accounting shenanigans being raised again. Can't see this helping the stock price any time soon as doubt and suspicion hangs over until the 4th quarter results in February Looks like an own goal or amateurish at best.