Opendoor Q3 earnings beat estimates

Eric Wu, founder and CEO of Opendoor, a home-turning startup, at its headquarters in San Francisco, May 18, 2017. Kristi there cluck | New York times A week after Zillow announced its abrupt departure from the home-buying market, rival Opendoor reported third-quarter results that beat estimates and issued an optimistic outlook for the rest of … Read more

Opendoor shares soar on optimism of gains in iBuying after Zillow exit

OpenDoor is disrupting the real estate market with its new paradigm. You buy and sell homes on its platform. Open door Zillow’s sudden exit from the home buying market prompted investors to see an Opendoor opening. A day after Zillow’s stock plunged to a 16-month low, Opendoor shares are up as much as 19%. The … Read more

Zillow stock plunges 24% after company exits home-buying business

Zillow Home Source: Zillow Shares of Zillow fell 24% Wednesday, after the company announced plans to exit the home-flipping business due to the inability to accurately predict home prices. Once the pandemic winner due to its central position in the red-hot housing market, Zillow has lost two-thirds of its value since February and is trading … Read more

Zillow (Z) says it’s closing home-buying business, reports Q3 results

Zillow, the digital real estate company, said Tuesday that it will exit the shows, its home-buying and flip-flopping businesses, eliminating 25% of its workforce. The announcement was attached to Zillow’s third-quarter earnings report. The company’s revenues and profits were contrary to analysts’ estimates. “We have determined that the unpredictability in housing prices far exceeds what … Read more