Investor Steve Eisman is predicting bad things ahead for anyone betting on online real estate site Zillow, which has been trying to expand its operations but faces a stiff challenge.
The managing director and senior portfolio manager at Neuberger Berman has been shorting Zillow for some time, and explained to CNBC in an interview Thursday that the company’s plans to grow its business are fraught with peril.
“I would say Zillow has one of the most flawed business models I’ve seen in a very, very long time,” he said during a “Power Lunch” appearance.
CNBC has reached out to Zillow for comment.
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