A few years ago, the famous real estate tech company Zillow began buying houses. The new venture seemed promising, but the company’s attempt to flip the properties while making life easier for its users has spelled disaster. Bloomberg’s Patrick Clark (@pat_clark) explains what went wrong.

Read Patrick’s story here

Enjoyed this episode? Rate Recode Daily ⭐⭐⭐⭐⭐ and leave a review on Apple Podcasts.

What do you want to learn about on Recode Daily? Send your requests and questions to [email protected]. We read every email!

Subscribe for free. Be the first to hear the next episode of Recode Daily by subscribing in your favorite podcast app.

Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode was made by:

Support Recode Daily by making a financial contribution to Vox! bit.ly/givepodcasts

Learn more about your ad choices. Visit megaphone.fm/adchoices