Quotes from the news wire:
While we built and learned a tremendous amount operating Zillow Offers, it served only a small portion of our customers, our core business and brand are strong, and we remain committed to creating an integrated and digital real estate transaction that solves the pain points of buyers and sellers while serving a wider audience.
Found on CNN 2 years ago
We've determined the unpredictability in forecasting home prices far exceeds what we anticipated and continuing to scale Zillow Offers would result in too much earnings and balance-sheet volatility.
Found on CNN 2 years ago
The most difficult part of this decision is that it will impact many of our colleagues.
Found on CNN 2 years ago
I'm very comfortable with risk that is tempered, i kind of think of it as courage.
Found on CNN 4 years ago
We're providing a service to sellers, the' flip' term has embedded in it some negative connotations around taking advantage of people in distressed situations and making outsized profits. That's not what we're doing.
Found on CNN 4 years ago
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