Is CoStar Overpaying for Matterport?

Simon and Harvey get together for a quick rundown of this week's biggest story—CoStar Group's acquisition of tech and data giant Matterport. But at $800 Million in cash and a further $800 Million in CoStar stock, has Andy Florance paid over the odds for a company that is spending $2 for every $1 it makes? 00:00 - Intros 00:50 - Macro level rundown 05:00 - Matterport losses are a challenge 08:50 - Can CoStar afford to be patient? 11:10 - Has Andy Florance undermined his own strategy? 12:00 - Does CoStar want to dominate Commercial in Europe? 16:00 - Similarweb performance of Homes.com and OnTheMarket 20:50 - Have prices gone up for future CoStar acquisitions? 23:00 - Will CoStar go big again, or revert to smaller investments? 25:30 - Final takeaways, European Conference update, and Goodbyes