Zillow Group stated on Thursday that it misplaced $881 million on its algorithmic-driven home-flipping enterprise final 12 months in its first earnings report for the reason that real-estate firm shut down that operation within the fall.

The complete firm, which incorporates Zillow’s worthwhile home-listing and promoting enterprise, posted a consolidated internet lack of $528 million in 2021, principally due to its home-flipping enterprise, Zillow Presents.

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