Eisman Sees Fintech as a Risk to Banks Below the Top 5

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Eisman Sees Fintech as a Risk to Banks Below the Top 5 5
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Mar.14 -- Steve Eisman, senior portfolio manager at Eisman Group Neuberger Berman, discusses his short of Zillow Group Inc. and the impact of fintech on the financial industry. He speaks on "Bloomberg Surveillance."

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Imagine everything in a Steve Carrell voice.

Author — revydmat

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Zillow what a disaster: They compete with the agents that pay them to be ranked on their site, now they compete with the buyers that are on their site looking for properties, then they will sell their houses and compete with the sellers that look up their zestimates. They have a media business that had a 93% profit margin to enter a home flipping business with a 7% margin. Wow 😳 Genius

Author — Brigadier General