Chapter
Zillow's Competitive Challenge
36:18 - 46:03 (09:44)
Zillow's reliance on Zestimate, a tool that directionally drives top-of-funnel traffic, made it difficult for the company to disrupt the real estate industry. Furthermore, the accuracy of Zestimate was deemed a bug and its inflated house prices hindered the company's growth.
Clips
Zillow's recent foray into the housing market turned out to be a tumultuous ride as they struggled with buying homes at market prices well above the selling prices.
36:18 - 40:46 (04:27)
Summary
Zillow's recent foray into the housing market turned out to be a tumultuous ride as they struggled with buying homes at market prices well above the selling prices. Their approach of being a speculated "market maker" as opposed to a more conservative "market player" greatly contributed to their fall.
ChapterZillow's Competitive Challenge
EpisodeE54: Spread trading big tech, capital allocation, Zillow's misfire, Progressives suffer losses
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Zillow's Zestimate, which provided house value estimates, was never about accuracy but rather driving traffic to their media business.
40:46 - 45:19 (04:33)
Summary
Zillow's Zestimate, which provided house value estimates, was never about accuracy but rather driving traffic to their media business. However, this approach towards accuracy could cause issues when it comes to forecasting price and volatility, and the ability to sell assets predictably with a margin of safety in the future.
ChapterZillow's Competitive Challenge
EpisodeE54: Spread trading big tech, capital allocation, Zillow's misfire, Progressives suffer losses
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The hosts attempt to pivot to a discussion on politics after a disagreement on the appropriateness of a previous topic.
45:19 - 46:03 (00:43)
Summary
The hosts attempt to pivot to a discussion on politics after a disagreement on the appropriateness of a previous topic.