Zillow is essentially an integrated map, database, and valuation algorithm (ie, Zestimate). They poured tons of money into Zestimates. Zillow launched a home-flipping business (iBuying) in 2018, using Zestimate as its backbone. Those who watch their Zestimate know that it is really flawed model - missing out on a lot of the qualitative stuff. Undeterred, Zillow aggressively started buying houses to flip this year, which makes sense since housing prices are soaring. Well, they won a lot of house bids because their algorithm was flawed and when they turned around to try and sell them, the market cleared at a lower price than they bought them. Zillow lost $381m last quarter alone. The stock has lost 60% of its value in the last nine months. They are shuttering the flipping business and announced they are laying off a quarter of their staff.
Remember when McD's used to have games like McDonald's Monopoly? Well, they are now having a social media sweepstakes for a McRib NFT. Not a real McRib. An NFT.
Zillow is essentially an integrated map, database, and valuation algorithm (ie, Zestimate). They poured tons of money into Zestimates. Zillow launched a home-flipping business (iBuying) in 2018, using Zestimate as its backbone. Those who watch their Zestimate know that it is really flawed model - missing out on a lot of the qualitative stuff. Undeterred, Zillow aggressively started buying houses to flip this year, which makes sense since housing prices are soaring. Well, they won a lot of house bids because their algorithm was flawed and when they turned around to try and sell them, the market cleared at a lower price than they bought them. Zillow lost $381m last quarter alone. The stock has lost 60% of its value in the last nine months. They are shuttering the flipping business and announced they are laying off a quarter of their staff.
https://www.wsj.com/articles/zillow-quits-home-flipping-business-cites-inability-to-forecast-prices-11635883500
A million ways to die. In 17th century London, there are about 60, including Planet, King's Evil, Rising of the Lights, and Tympany.
https://twitter.com/HeerJeet/status/1455383774380924931
Remember when McD's used to have games like McDonald's Monopoly? Well, they are now having a social media sweepstakes for a McRib NFT. Not a real McRib. An NFT.
https://twitter.com/McDonalds/status/1455174998264586243
If you use Philips' SmartSleep the right way, you can be asleep in minutes.
https://www.walmart.com/ip/Philips-Smartsleep-Sleep-and-Wake-Up-Light-Simulated-Sunrise-and-Sunset-Multiple-Lights-and-Sounds-Relaxbreathe-To-Sleep-HF3650-60/544380672
DBD working out ...
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