Here’s Why Zillow Stock Plunged 20%—And Why It Won’t Flip Houses Anymore

Topline Shares of digital real estate marketplace Zillow tumbled nearly 20% on Wednesday morning, a day after the company announced in its earnings results that it would shutter its home-flipping business due to the “unpredictability” of the housing market. The announcement came as part of Zillow’s third-quarter earnings report, which widely missed … [+] estimates.…

Chamath Palihapitiya’s Social Capital Co-Leads Investment In Solana-Based Startup Syndica

Chamath Palihapitiya, founder and CEO of Social Capital Getty Images for Vanity Fair Syndica, an infrastructure developer focused on scaling Solana blockchain’s ecosystem, raised $8 million in seed funding to build the cloud infrastructure of Web 3.0. Revealed exclusively to Forbes, the round, co-led by Social Capital, the Silicon Valley venture capital firm founded by…

November 3, 2021—Refi Rates Hold Steady

If you’re looking to save money by refinancing your home loan, it’s a good time to lock in a low rates. Refinance rates remained unchanged today, keeping rates at historical lows. Today, the average rate on a 30-year fixed mortgage refinance is 3.20%, according to Bankrate.com, while the average rate on a 15-year mortgage refinance…