Zillow Bets on Itself After Winding Down iBuying

Zillow Bets on Itself After Winding Down iBuying
·3 min read

Zillow (NASDAQ: Z) (NASDAQ: ZG) was one of the few stocks to move higher on Friday, and the biggest reason why was its announcement the company will buy back $750 million in stock. After exiting the iBuying business known as Zillow Offers in November, the company has seen its stock plummet by about 40%, and shares are over 70% off their highs for the year. Is this a bullish sign for Zillow or a desperate measure by the company?

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