‘Big Short’ investor Steve Eisman says Zillow has one of the ‘most flawed’ business models he’s seen


Investor Steve Eisman is predicting bad things ahead for anyone betting on online real estate site Zillow, which has been trying to expand its operations but faces a stiff challenge.

The managing director and senior portfolio manager at Neuberger Berman has been shorting Zillow for some time, and explained to CNBC in an interview Thursday that the company’s plans to grow its business are fraught with peril.

“I would say Zillow has one of the most flawed business models I’ve seen in a very, very long time,” he said during a “Power Lunch” appearance.

CNBC has reached out to Zillow for comment.

This is breaking news. Check back here for updates.

Products You May Like

Articles You May Like

The key to trading fresh sentiment
GE falls the most in 11 years after Madoff whistleblower calls it a ‘bigger fraud than Enron’
Markets: What is most important in the week ahead? – Nordea
Gold sheds 1% as risk appetite recovers
European mid-morning FX snapshot: Kiwi, dollar holds firm

Leave a Reply

Your email address will not be published. Required fields are marked *