It's Wednesday, November 3rd. Welcome to Market for War. I'm Chris Hill with me today,

the one I know only, Mr. Sharma. Thanks for being here. Chris, thank you for having

me, sir. We've got ride sharing. We've got the stock of the day. We're going to begin

with the three alarm fire that is Zillow. The third quarter results that Zillow posted

after the closing bell on Tuesday. Kind of don't matter. I'm sorry to say that, Zillow.

But they kind of don't matter because the company announced it is getting out of the

home buying business altogether, and it is also laying off 25% of its employees. And at

the moment, shares of Zillow are down more than 18% hitting a 52-week low. We can go over

the results if you want, but to me, this announcement about the home buying business

answers the question that we raised a couple of weeks ago when they announced that they

were pausing it, because they said, we're pausing this for the rest of 2021, which was

a 10-week window. And at the time, we were like, OK, so at some point in the next 10 weeks,

we're going to get an announcement, right? They're going to say it's either back on in

January or they're going to push it back. It didn't occur to me that they would just

shut the whole thing down altogether. I know, right? The other shoe drops with a huge

thud. This is very surprising in some ways, Chris, but maybe not so surprising in the

others. I want to say here, this is not peanuts. We're talking about a $300 million right

down of inventory, additional charges related to homes that are under contract of $240 to

$265 million, and also pre-tax restructuring charges estimated at approximately $175 million

to $230 million. This is hundreds of millions of dollars all told and a hit to this business

model, which was predicated on being able to buy homes at reasonable prices and flip them

out of profit. A couple of things that I wanted to point out here and then get your thoughts,

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