Description: Zillow, the digital real estate company, said on Tuesday that it’s existing its business that buys and flips homes and eliminating 25% of its workforce.

Source: CNBC.com – video report

Date: Nov 02, 2021

Link: https://www.cnbc.com/2021/11/02/zillow-shares-plunge-after-announcing-it-will-close-home-buying-business.html

Questions for discussion:

• Explain this decision?
• Do you think it was correct?
• How should investors view this news with respect to the industry as a whole?