Is Wall Street’s Misunderstanding of Subscriptions Behind a Class Action Suit Against Zillow?

Zillow, Inc. (NASDAQ:Z) was socked today with the announcement of a class action lawsuit. The suit, filed by Robbins Geller Rudman & Dowd LLP,
Zillow, Inc. (NASDAQ:Z) was socked today with the announcement of a class action lawsuit. The suit, filed by Robbins Geller Rudman & Dowd LLP, alleges that Zillow concealed its "difficulties" in acquiring new paying subscribers and in dealing with subscription account churn during a recent Class Period in September when the company was making a secondary stock offering. Zillow is an online real estate information site that allows the public to see data on US residential…...

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