Hacker Connect January 16 in New York
An event for and by the real estate tech community

Real estate portal Zillow's stock price has taken a hit today following the release of a scathing report from Citron Research calling the company's second quarter a "complete disaster" and criticizing its business model. Citron Research calls itself an online stock commentary website, though the Associated Press has described it as a "short-seller's research firm." Short-sellers make money by betting that a stock they sell will drop in price. Citron published a similar report last year questioning the company's reliance on selling leads to real estate agents and brokers. Zillow's stock price started out the day at $98.45 per share and dipped below $90 at times during heavy trading today, according to Yahoo Finance, making up up some of those losses in the afternoon. Citron's 12-p...