When Zillow Group pivoted from an advertising-based business model to algorithm-based home-flipping in 2018, its executives knew this day would come. Zillow and other tech-driven companies were able to refine their technology enough to make tiny profits on cookie-cutter houses in deserts and small metropolitan areas. But to make $20 billion a year in revenue from Zillow Offers within five years as executives boldly projected, Zillow would need to crack major coastal markets, where homes
source https://therealdeal.com/2019/12/09/zillow-launches-its-high-stakes-home-flipping-business-in-la/
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