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Zillow Group, Inc. (ZG)
After hours:
- Motley Fool
Why the Porsche IPO Generated So Much Excitement
In this podcast, Motley Fool analyst Dylan Lewis and Motley Fool senior analyst Tim Beyers discuss: Why Porsche is going public while other companies are holding off. Down rounds in the private markets.
- Motley Fool
This Beaten-Down Real Estate Tech Stock Could Rise Again
Bloomberg reported that Opendoor lost money on 42% of the homes it sold in August, though that doesn't include the 5% fee the company collects from sellers. Many might remember how former competitor Zillow previously tried its hand at iBuying homes but gave up last fall due to poor unit economics. Here's why Opendoor's darkest hours could be upon us -- and why there could soon be light.
- Motley Fool
First Zillow, Now OpenDoor? Is iBuying Doomed?
Last November, Zillow Group (NASDAQ: Z)(NASDAQ: ZG), the largest online real estate platform, abruptly announced its plan to exit iBuying. Now it seems the largest iBuyer in the industry, Opendoor (NASDAQ: OPEN), may be following in Zillow's footsteps for losses. A recent report from YipitData shared the company incurred losses on 42% of the homes sold in August 2022.
