Investment Firm Criticizes CoStar (CSGP) Financial Transparency

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D.E. Shaw, an investment firm, has criticized CoStar Group Inc. (NASDAQ:CSGP) for reconfiguring its reporting segments, combining Homes.com with other operations into a new “Residential” segment. This change reduces financial transparency, specifically by discontinuing disclosure of net new bookings for Homes.com, a metric previously vital for investors. D.E. Shaw had previously raised concerns about Homes.com’s performance and argues that the reduced disclosure hinders accountability for management.

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