Shares of online real estate platform Zillow rallied Monday after Valiant Capital said the stock is one of its portfolio picks.
Shares of online real estate and home-related mobile platformThe huge advantage Zillow has here is so much traffic already coming to its site, Valiant President and Founding Partner Chris Hansen said from the Sohn Conference in New York. He added that Zillow is set for another big rally as they move to "flex" their competitive advantage and take of piece of the typical real estate commission.
In addition to providing real estate listings and estimated market prices, Zillow is now taking sales commissions and is expanding its home flipping business.
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