Activist Hedge Fund Spruce Point Capital Takes Short Position on Zillow Group ($Z), Predicts 40-60% Downside Risk from Industry Lawsuits and Competition

Lance Lambert@NewsLambert

2 years ago

#NEW Activist hedge fund @sprucepointcap is "short" on Zillow Group Spruce Point Capital sees 40% To 60% "downside risk" for Zillow shares "Zillow's core business model is under pressure from declining web traffic and growing industry litigation involving NAR and regulatory… https://t.co/snjQK1zpwA

The Real Deal@trdny

2 years ago

A Zillow short seller said the firm’s exposure to industry lawsuits and competition with https://t.co/D7uLn9URV2 could sink its stock https://t.co/r0LXDeJYcs

Spruce Point Capital@sprucepointcap

2 years ago

I think you're on to something here. $CSGP starting to squeeze $Z #Zillow https://t.co/gfCpf198m5