Zillow (ZG) is the subject of today’s FOMO segment. In this segment Alex Coffey and Caroline Woods discuss the online real estate company which slid Friday on soft 1Q results. Zillow (ZG) reported that its app and website monthly unique users was down 5% Y/Y while visits were up 5% Y/Y at 2.6B. Caroline and Alex discuss Zillow (ZG) winding down its house-flipping business and concentrating on its so-called super app. Alex and Caroline discuss various price target cuts that followed the report. Finally, Alex demonstrates an example trade using Zillow (ZG).
09 May 2022