Zillow’s (Near) $1 Billion Blowout: What’s the Lesson?

A specialist woks at the post that handles Trulia on the floor of the New York Stock Exchange, on July 28, 2014. Trulia jumped 11 percent after the real-estate listing service Zillow said it plans to buy it for $3.5 billion. Richard Drew/AP Photo

Commentary

According to the Wall Street Journal, “Zillow Group said on Thursday that it lost $881 million on its algorithmic-driven home-flipping business last year in its first earnings report since the real-estate company shut down that operation in the fall.”