Yet the pandemic has ended up being a double-edged sword for the firm. Labour shortages, supply chain issues, and the failure of its 'Zestimate' algorithm to adequately predict the COVID-impacted market led to the collapse of the company's arm Zillow Offers, which bought homes and tried to 'flip' them for a profit, in November 2021.
This resulted in the shedding of 25% of its workforce, a shock loss in Q3 2021, and a huge share price drop. In stark contrast to the boom it was enjoying just 12 months ago, Zillow is starting 2022 at a low point, to say the least.
Now see the famous companies and brands that changed their names