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Activist investors demand CoStar sell or shut down Homes.com, citing $11B in lost value and poor performance despite $3B in investments.
Activist investors D.E.
Shaw and Third Point are pushing CoStar to sell or shut down its Homes.com division, citing over $11 billion in lost shareholder value, persistent losses, and underperformance despite $3 billion in investments.
They accuse CoStar’s leadership of misallocating resources, undermining long-term value, and resisting change, while the company defends Homes.com as vital for future growth, particularly through its new AI platform, and points to strong shareholder support.
4 Articles
Los inversores activistas exigen que CoStar venda o cierre Homes.com, citando $ 11B en valor perdido y bajo rendimiento a pesar de $ 3B en inversiones.