Shark Tank host and real estate guru Barbara Corcoran is putting her money where her mouth is and scooping up shares of real estate marketplace giant Zillow (Z). Since being asked in a November Yahoo Finance interview if Zillow shares bottomed after falling 21% on news the company was ending its home buying operation, Corcoran says she was confident enough to jump on the stock. “I did invest in Zillow, remember you asked me last time?” she said Thursday on Yahoo Finance Live. “I did,… Source link
Read More »Cathie Wood’s Ark Dumps 3.9 Million Zillow Shares
(Bloomberg) — Cathie Wood’s exchange-traded funds sold 3.9 million shares in Zillow Group Inc. on Wednesday as the stock’s rout deepened — a day after buying 288,813 of the securities. Most Read from Bloomberg The stake offloaded was about $255 million, assuming Wednesday’s closing price. That’s about 10 times the value of the shares purchased on Tuesday, when Seattle-based Zillow pulled the plug on its tech-powered home-flipping operation. Zillow’s stock has suffered as investors… Source link
Read More »Zillow responds to viral Tik Tok video claiming housing market manipulation
The popular real estate website Zillow was criticized on social media after a TikTok video decrying an unnamed real estate company’s potentially nefarious business strategies went viral. Las Vegas-based real estate agent Sean Gotcher (@seangotcher) posted a two-and-a-half minute video to TikTok earlier this month, describing a scenario where a so-called iBuyer uses its massive, user-generated database to scheme the local housing market. An iBuyer, according to Zillow, is “a company that… Source link
Read More »CEOs of Google, Zillow, BlackRock, Visa, and more back Biden’s $1.9 trillion proposal
More than 150 chief executives signed a letter on Wednesday urging for more government stimulus and supporting President Joe Biden’s $1.9 trillion “American Rescue Plan.” Among the executives who signed the letter included Google (GOOGL) CEO Sundar Pichai, Goldman Sachs (GS) CEO David Solomon, Zillow (Z) CEO Rich Barton, BlackRock (BLK) CEO Laurence Fink, and Visa (V) CEO Alfred Kelly, Jr. “Previous federal relief measures have been essential, but more must be done to put the country on a… Source link
Read More »