TechReuters1h ago
Zillow agrees to pay $212.5M to settle an investor class action over
Zillow agrees to pay $212.5M to settle an investor class action over its failed Zillow Offers home-flipping venture, after SCOTUS refused to hear its appeal
TL;DRZillow paying $212.5M to settle lawsuit over failed home-flipping business.
Why it matters: Major tech company losses signal risks of aggressive expansion; investors now scrutinize corporate pivots more carefully.
Zillow (ZG.O) said on Wednesday it will pay $212.5 million in cash to settle a class action accusing the online real estate marketplace …
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