Zilla was buying homes at some point in the second half of last year for, you know, on average, 20 thousand dollars or more than it could eventually sell the homes for. They thought they needed to buy a lot of houses to get the scale to make this business work. As zillo started to realize, and as barton started to realize what had gone down, which is that they had ena overpaid by 400 million dollars or so for for ten thousand sad or 20 thousand houses,. i'm he said, well, hold on. Maybe this isn't a key to transforming my business into a much bigger company... maybe i'm about to blow up.
Julia Pollak, Chief Economist at ZipRecruiter, discusses the April jobs report and employment trends. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Real Estate Reporter Patrick Clark share the details of Patrick's Businessweek Magazine story Zillow Home-Flipping Doomed by CEO’s ‘Big Hairy Audacious Goal.’ Bloomberg News Deals Team Leader Liana Baker has the Big Take story about Elon Musk’s right-hand man who does everything from lining up Twitter deal financing to digging up dirt on adversaries. And we Drive to the Close with Steve Brown, Senior Portfolio Manager at American Century Investments.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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