https://www.siliconvalley.com/2021/11/03/zillow-shuts-down-home-flipping-business-after-racking-up-losses/

Zillow Group is pulling the plug on its tech-powered home-flipping operation after deciding that its pricing algorithms weren’t accurate enough to build a stable business.

The company plans to take writedowns of as much as $569 million and reduce its workforce by 25% as it winds down the business in the coming months, according to a statement Tuesday.