Zillow dumping 7,000 houses and getting out of the iBuyer market

Zillow sees their stock going down and is hemorrhaging cash. They have stopped buying homes and is laying off 25% of their workforce. What went wrong?

https://www.marketwatch.com/story/zil...

https://www.seattletimes.com/business...

https://www.theverge.com/2021/11/1/22...

https://finance.yahoo.com/news/zillow...

REALTOR: Mike Drutar | Lic# RB-22119
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NextHome Paradise Realty | Lic# RB-23114
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