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Zillow is losing millions on selling homes. But its risk-taking CEO isn't worried

Feb 21, 2020 - CNN

() -- Zillow has long been known as the place to go when you're looking to buy a new home. It's famous for its Zestimate, which uses proprietary algorithms to estimate the current price of your house (or your neighbor's, if you're feeling nosy).

But Zillow decided to shake things up.

In April 2018, the company announced it was launching Zillow Offers and would purchase homes directly from sellers, doing any necessary repairs before turning around to resell the house itself.