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Zillow Group, Inc.

Company NameZillow Group, Inc.
Stock SymbolZ

On March 5, 2024, Spruce Point Capital Management published a report alleging, among other things, that Zillow “uses wildly aggressive revenue recognition and expense policies that can be used to embellish revenues and earnings, which is alarming in context of Zillow’s CFO departing last year.”

On this news, Zillow’s stock price fell $2.85, or 5%, to close at $54.49 per share on March 5, 2024, thereby injuring investors.

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