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Zillow: More proof the stock market is clownish 🔗
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Because revenues jumped like this – no matter that this caused Zillow’s losses to more than triple – shares soared 19% in evening trading on these “better than expected” revenues and the prospect that Zillow will expand its ruinous home flipping operation to many more markets and boost its losses further. Friday at about noon, some of the excitement of after-hours trading has tapered off and shares are up 8% and heading down.
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