Zillow made its name as an online real estate database, helping homebuyers shop for houses whether they were right down the street or on the other side of the country. Recently, however, Zillow announced it had plans to branch out beyond that core business model, announcing plans to buy, refurbish, and resell homes on its own. The news stirred much discussion in the industry, and this week Zillow Group CEO Spencer Rascoff put in an appearance on Jim Cramer's Mad Money on CNBC, where he discussed Zillow's home-flipping plans and explained why the shift is like Netflix's move into producing original content. Watch the whole segment below.
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About Author: David Wharton
David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years' experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at David.Wharton@theMReport.com.
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