Just saw Zillow stock got hammered today, down like 17% after their earnings call. Wild because their rental and mortgage businesses are actually crushing it—rental revenue jumped 45% and mortgages up 39%. So why the selloff? Apparently legal costs are gonna eat into their margins next quarter, maybe 2 percentage points off EBITDA. Management says it's no big deal long-term, but investors clearly freaked out over the guidance miss. Wall Street was expecting like $184M in adjusted EBITDA, Zillow came in saying $160-175M instead. The thing is, their core business looks solid—revenue up 18% to $654M in Q4, profitability improving. But yeah, when guidance disappoints and there's legal uncertainty hanging over you, people just sell first and ask questions later. Anyone else holding Zillow or staying away from this one?

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