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  "documentTitle": "Zillow Group, Inc. (Z)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2024-03-05 00:00:00",
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  "notes": "The slide uses a numbered list format to present specific inquiries to management, typical of activist investor decks.",
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      "text": "Zillow has clearly stated that 2022 and 2023 were years for trial and errors. Spruce Point would like management to answer a few questions that would enable us and other investors to better understand the risks and opportunities that lie ahead.",
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      "text": "1. Interest rate lock commitments grew from $62 million to $167 million... 2. 2023 Adjusted EBITDA margin was ~20%... 3. Flex was launched in 2018... 4. Is Flex revenue accretive... 5. Given Flex partners... 6. Does expanding... 7. Zillow claims...",
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      "kind": "title",
      "text": "Questions For Zillow Management",
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      "arcName": "Overcoming the Monster",
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