{"id":79831,"date":"2021-11-03T01:25:18","date_gmt":"2021-11-03T05:25:18","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=79831"},"modified":"2021-11-03T01:21:11","modified_gmt":"2021-11-03T05:21:11","slug":"zillow-says-its-closing-homebuying-business-cutting-25-of-workforce-earnings-miss-estimates","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2021\/zillow-says-its-closing-homebuying-business-cutting-25-of-workforce-earnings-miss-estimates.html","title":{"rendered":"Zillow says it\u2019s closing homebuying business, cutting 25% of workforce; earnings miss estimates"},"content":{"rendered":"\n<p>(CNBC) <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/ZG\" target=\"_blank\">Zillow<\/a>, the digital real estate company, said on Tuesday that it\u2019s exiting Offers, its business that buys and flips homes, and eliminating 25% of its workforce. The announcement was attached to Zillow\u2019s <a rel=\"noreferrer noopener\" href=\"https:\/\/investors.zillowgroup.com\/investors\/news-and-events\/news\/news-details\/2021\/At-Operational-Capacity-Zillow-Offers-to-Focus-on-Signed-Customer-Contracts-and-Current-Inventory-Suspends-Signing-of-New-Contracts-Through-2021\/default.aspx\" target=\"_blank\">third-quarter earnings report<\/a>. The company\u2019s revenue and earnings missed analysts\u2019 estimates.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2021\/11\/02\/zillow-shares-plunge-after-announcing-it-will-close-home-buying-business.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Zillow, the digital real estate company, said on Tuesday that it\u2019s exiting Offers, its business that buys and flips homes, and eliminating 25% of its workforce. The announcement was attached to Zillow\u2019s third-quarter earnings report. The company\u2019s revenue and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-79831","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=79831"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79831\/revisions"}],"predecessor-version":[{"id":79832,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79831\/revisions\/79832"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=79831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=79831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=79831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}