Zillow Faces Billions in Lawsuit: Stock Plummets

Zillow faces a massive class-action lawsuit alleging deceptive practices within its Flex agent referral program, causing shares to plummet over six percent. Accused of hiding hefty commissions (up to 40%) and misleading homebuyers/sellers, Zillow's legal battle could cost billions. Despite a recent analyst upgrade boosting the stock, this lawsuit highlights the volatile landscape for the real estate giant and raises serious questions about its business practices. Hosted on Acast. See acast.com/privacy for more information.