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What Scared Zillow's Management About iBuying?

·5 min read
In this article:
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When Zillow (NASDAQ: ZG)(NASDAQ: Z) recently announced its exit from the iBuying business, it wasn't necessarily the decision itself that bothered investors -- after all, when a company exits a losing business, it can be a good thing. In this Fool Live video clip, recorded on Nov. 5, Fool.com contributors Matt Frankel, Jason Hall, and Matt DiLallo discuss what might have scared Zillow's management so much that they decided to exit a major growth driver of the company so suddenly. Matt Frankel: September 7th, Zillow published an iBuying research report that it did, so that means in September, they didn't know that this was going to happen, or they were wasting money on an iBuying report they knew was going to go nowhere.