Zillow lost $5,000 per sale in its fast-growing house-flipping business in 2019 — the same year that VC money poured into smaller iBuyer startups

· Zillow Group's revenue more than doubled in 2019 from a year earlier to $2.7 billion. This surge was driven by Zillow's home-flipping business, which was launched in April 2018. 
· While Zillow continues to grow its home-flipping business, it is not yet profitable. The company lost roughly $5,000 per home sale on average in...