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"I liked the old Zillow, even if it was slowing down a bit, as it was a lot less risky," the "Mad Money" host said. "I’m not yet sold on the new Zillow, even with a much better class of CEO." Barton returned to Zillow as CEO after co-founder Spencer Rascoffstepped down in February after 10 years in the role. Zillow announced the home-flipping concept nearly a year ago and the stock has taken a number of tumbles since.
It’s too early to make a bet on Zillow and its fledgling home-flipping business even under new management led by co-founder Rich Barton, blovnews.com’s Jim Cramer said Tuesday. The online real estate marketplace expects core business revenue to grow 56% within the next five years, but their cash-burning plan to buy and sell homes could take just as long to realize $20 billion in annualized revenue.
Cramer thinks that’s too long to wait and see if the program will work. "I liked the old Zillow, even if it was slowing down a bit, as it was a lot less risky," the "Mad Money" host said. "I’m not yet sold on the new Zillow, even with a much better class of CEO."
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The relaxing of foreign real estate investment laws in Abu Dhabi will create jobs and stoke demand for property, according to one of the leading property developers in the United Arab Emirates. “It’s game changing,” Aldar Properties CEO Talal Al Dhiyebi told CNBC’s “Capital Connection.”
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"I liked the old Zillow, even if it was slowing down a bit, as it was a lot less risky. I’m not yet sold on the new Zillow, even with a much better class of CEO," Jim Cramer says.
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Amazon Didn’t Cripple Bed Bath & Beyond. Its Own Leaders Did. ‘We’re not in a rush to make mistakes.’ The frugal mind-set that deemed Post-it notes too expensive to use also left Bed Bath & Beyond slow to adapt to e-commerce and a shifting retail landscape.