Zillow (Z -5.7%) plunges as an SEC letter dated Aug. 30 makes the rounds. The letter asks CEO...

|About: Zillow Group, Inc. (Z)|By:, SA News Editor

Zillow (Z -5.7%) plunges as an SEC letter dated Aug. 30 makes the rounds. The letter asks CEO Spencer Rascoff why Zillow doesn't provide data on the average price paid for subscriptions to its Premier Agent service; requests more clarity on Zillow's Marketplace revenue growth figures; and asks the company to provide more detail in its filings about accounting policy changes. (Citron Research report)