ARK Invest CEO Cathie Wood turned heads last year after the breakthrough performance of the money manager's exchange-traded funds. This year has proven a bit more challenging, but volatility in some of her favorite names is creating buying opportunities.
The real estate market is booming, and Zillow Group came through with a 70% year-over-year increase in revenue in last week's second-quarter report. A return to its home-flipping Zillow Offers platform played an important part in the recovery, but the 70% growth there was matched by a 70% uptick for the balance of the business.
Zillow has never been more popular, with 229 million monthly unique visitors across all of its platforms. Zillow Offers continues to lose money, but its flagship business -- the internet, media, and technology segment -- is more than bailing the home-flipping initiative out.
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