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This might be where google got that figure. Again, as I state above, I was using rough figures to get an idea of the magnitude of the funds they were devoting t
by ianai 5y ago
This might be where google got that figure. Again, as I state above, I was using rough figures to get an idea of the magnitude of the funds they were devoting to their flipping/analysis unit. It looks like they were doing thousands of units instead of tens of thousands with discrepancies among the sources I'm finding in google:
https://www.zillow.com/research/zillow-ibuyer-report-q2-2021-30011/ https://www.zillow.com/research/zillow-ibuyer-report-q2-2021...
What's not changed is the fact they were leveraging a significant portion of their company's market cap into this segment and it resulted, so far, in them laying off a quarter of their labor and completely terminating the program - amongst other things. This is not good news for their business and prospects of continuing to be an ongoing concern.