Zillow: Burning Down The House | Global Online Money

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Considered one of as we speak’s prepare wrecks is Zillow (NASDAQ:), which I solely discovered just lately determined that nobody knew extra about actual property knowledge than they did, so they might grow to be the world’s greatest house-flippers. Effectively, that’s not figuring out so nice.

I all the time like to have a look at the place shares like this peaked, to see if there was any clue. The highest value was solely 9 months in the past, again on Feb. 16, when it peaked at $208.11. Effectively, it has misplaced about two-thirds of its market cap in that span of time. And this taking pictures star was the ringing bell marking the highest:

Shut-up Of Zillow Chart.

As you’ll be able to see, not solely is the injury huge, however there’s lots extra draw back to go:

Zillow Chart.

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