Zillow Stock (Z) Jumps Even as FTC Orders Redfin to Become 'a Far Stronger Competitor'

Zillow Group (Z) shares rose 3% to approximately $37 following the FTC's order requiring Redfin to reenter the market and invest significantly to become a stronger competitor. The FTC canceled a 2025 agreement between Zillow and Redfin that would have seen Redfin close its rival platform, effectively ending the lawsuit against Redfin.

Shares in Zillow Group (Z) rose by 3% to around $37 per share on Monday afternoon. This came after the U.S. Federal Trade Commission (FTC) filed an order to end its lawsuit against the online real estate marketplace provider and rival Redfin, which is owned by Rocket Companies (RKT). The order will cancel a 2025 agreement between Zillow and Redfin under which Redfin closed its rival platform. The order requires Redfin to reenter the market and invest millions of dollars to become "a far stronger competitor".

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