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Zillow's move into flipping homes is like Netflix's move into originals, CEO says

Elizabeth Gurdus

"Mad Money" host Jim Cramer hears from Zillow Group CEO Spencer Rascoff about the company's recently announced move into flipping homes. Rascoff compares the move to Netflix's push to original content and Amazon's build-out of Amazon Web Services. Shares of Zillow ZG sank when the company said it would start flipping homes , but Zillow Group CEO Spencer Rascoff told CNBC that the move would have a bigger payoff than investors might think.