Morgan Stanley downgrades Zillow

By
Real Estate Broker/Owner with Best Practices Realty

Morgan Stanley has determined that Zillow's moronic decision to become a house flipper is a lower quality and riskier business on a valuation basis, compared to its former sole focus on extorting money from the 150,000 REALTORS who pay them for (mostly fake) leads using the MLS data that Zillow obtains for free. Accordingly, Morgan Stanley has downgraded Zillow.

 

The market evidently concurs as the stock price continues to fall. 

Comments (2)

Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

I was scrolling through Facebook yesterday and a non-Realtor suggested someone search Zillow for land. Just like they were THE source to look for property. Incredible.

Apr 20, 2018 12:16 PM
William Feela

When I see someone taling zillow I jump on it right away and explain what they really are

Apr 20, 2018 04:11 PM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

It is about time people wise up, but investors don't care if they make money

Apr 20, 2018 04:10 PM