BTFD. Zillow issued $4bn corporate bonds that they only have to pay 2% on annually while they pay it back over 10 years. This is way below their annual revenue

BTFD. Zillow issued $4bn corporate bonds that they only have to pay 2% on annually while they pay it back over 10 years. This is way below their annual revenue which was already $2.7bn annually. The bonds were for the expansion of Zillow Offers, but based on their prior revenue. And now, they are trying to sell a bundle of homes for $2.8bn all at once “at a loss”, with no information about the percentage of loss. -5%? -25%? Does anyone else see that it doesn't matter even if it was 100% loss which it clearly isnt? People out here acting like this is the great financial crisis they’ve missed 12 years of alpha just waiting for. This is the least leveraged market participant in real estate lol. They flipped a few (thousand) houses maybe at an overall profit, made some of their developer and overleveraged home owner friends happy, and found an excuse to fire a bunch of their workforce! This game is obvious