3 ms·
It sounds like the problem with Zillow Offers is that it didn't have the plausible growth trajectory to 5x or 50x that. It could be a profitable $50M business
by nostrademons 5y ago
It sounds like the problem with Zillow Offers is that it didn't have the plausible growth trajectory to 5x or 50x that. It could be a profitable $50M business or an unprofitable $1B business, but not a profitable $1B business. The earnings call shutting it down mentioned that the company wasn't getting the economies of scale that they thought they would be getting.