Tech IndustryMar 15, 2022
Zillow Groupwoof-meow

Knock power buying- layoffs

Sorry to hear about @knock layoffs. Plenty of opportunities at Zillow. DM for product. https://www.housingwire.com/articles/knock-raises-220m-lays-off-46-of-workforce/ #knock #layoffs #hiring

Knock raises $220M, lays off 46% of workforce - HousingWire
Knock raises $220M, lays off 46% of workforce - HousingWire
HousingWire
New
enBT65 Mar 15, 2022

The $220mn is a bit misleading. Only $70 in equity. The rest is debt for the home buying arm.

Autodesk trifling Mar 15, 2022

Why is housing market still hot when Zillow, Knock are struggling?

Amazon AISI08 Mar 15, 2022

They’re canaries in the coal mine

Zillow Group Tiger 🙀 Mar 15, 2022

Don’t know what you mean by struggling. Our Zillow offers did not pan out. But rest of the business are doing well.

Knock byzW66 Mar 15, 2022

100$ to read the article. Oof

rewardStyle welpz Mar 15, 2022

Sean says the business “is doing great”. Sure. Does anybody buy that?

Knock byzW66 Mar 15, 2022

I can say that its not doing horrible. Not a lot of people are buying houses atm, which plays a huge part in this