![Zillow shares fell more than 20% on November 3 after the news that it's pulling the plug on its house-flipping business and laying off a quarter of its staff.](https://abc17news.b-cdn.net/abc17news.com/2021/11/hypatia-h_8656d6c4fdb77af43014590d759b89f0-h_e6d57214f84e871b3a2791d0be6ac4b4-300-375x225.jpg)
Zillow bet the farm on its house-flipping business. Now it’s downsizing
By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. HOUSE FLOP Zillow shares fell more than 20% Wednesday on the news that it’s pulling the plug on its house-flipping business and laying off a quarter
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