Zillow hopped into real estate a while back. They started buying homes for a steal, then flipping them. The losses racked up, and Wednesday they announced the end of that venture. The ripples in their business will be interesting. Along the way they dealt with some minor issues of housing market manipulation, but also a poor image as they competed against the Realtors they wanted to use their service. They’re losing a little more than a half billion dollars, but also 1/4 of their workforce is being dropped. Oh, and their stock price…

(Bloomberg) — Zillow Group Inc. shares plunged on Wednesday as investors digested the news that the company was pulling the plug on its tech-powered home-flipping operation.Most Read from BloombergSupply Chain Crisis Risks Taking the Global Economy Down With ItChina’s Climate Goals Hinge on a $440 Billion Nuclear BuildoutInto the Metaverse: Where Crypto, Gaming and Capitalism CollideAtlanta’s Crowded Election Pits Former Mayor Versus ‘Anyone But’Results on Key Ballot Initiatives, From Policing