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Zillow hit with federal copyright lawsuit over 47K allegedly stolen property photos

1. CoStar is suing Zillow over copyright infringement of 47,000 images. 2. Zillow allegedly profited from CoStar's copyrighted images on its listings. 3. This lawsuit adds to Zillow's recent legal challenges, including a suit from Compass. 4. Zillow has about 160 million homes listed and significant monthly web traffic. 5. CoStar claims substantial investment in real estate image database and photographers.

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FAQ

Why Bearish?

Zillow faces increasing legal pressure, which may affect investor confidence and stock price, similar to past instances where legal issues negatively impacted corporate valuations.

How important is it?

This lawsuit could significantly impact Zillow's operational capabilities, suggesting potential future profitability concerns.

Why Short Term?

The upcoming legal decisions can quickly affect Zillow's stock volatility and market reputation in the near term.

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