Zillow down over 50% YTD with their failed home flipping business that they just closed. What does Zillow know about the housing market given they have more housing data than any company in the world.
A much larger iBuy home flipping provider is OpenDoor and they have NEVER made a profit. In 2021, the hottest housing market in history, OpenDoor has LOST $414 million in the first 6 months of this year. With all this their stock is up up and away.
h/t Bloody Peasant!
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.
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