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Cathie Wood says Zillow’s decision to shut iBuying unit could be a warning signal for housing market

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Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021.

Kyle Grillot | Bloomberg | Getty Images

Closely followed innovation investor Cathie Wood is interpreting the shuttering of Zillow’s home-flipping business as a cautionary signal on the overall housing market.

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