Zillow market cap plummets by $1.6B after mortgage acquisition, earnings

Wall Street is reacting poorly to the company’s latest financials and moves, with stock plummeting more than 17% on Tuesday

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Wall Street is not reacting well to Zillow’s second quarter 2018 earnings report and the announcement of its acquisition of Mortgage Lenders of America, with stock plummeting more than 17 percent on Tuesday.