Opendoor valuation soars to $18B ahead of IPO
Even before Opendoor’s official stock market debut on Dec. 21, the iBuyer’s valuation soared to nearly $18 billion as...
iBuying
The Latest
Zillow profits soar to $40M during third quarter
Zillow’s profits soared during the third quarter as iBuying deals dried up. The Seattle-based real estate giant reported $40...
America doesn’t yet have a new president. But Opendoor does
Opendoor is shaking up its C-suite — again — ahead of its closely-watched IPO. On the heels of naming...
Zillow cuts 80 jobs from iBuying biz
Zillow has cut 80 jobs from its home buying and selling business, despite its big bet on the burgeoning sector. The real estate giant doesn’t disclose how many of its 5,300 employees work for...
Opendoor hires CIO from Ken Griffin’s Citadel
As it prepares to go public, Opendoor is bringing on a new hire from Citadel, Ken Griffin’s $32 billion...
Issue
This man wants to make your home a commodity
In Opendoor’s early days, employees knew what they were up against. And if they didn’t, Spencer Rascoff spelled it...
Issue
Can iBuying go the distance?
When George Schneider decided to sell his home this spring, Opendoor made him an offer he couldn’t refuse. Schneider had paid $76,750 for his three-bedroom stucco house in the Phoenix suburbs a decade earlier....
Drawing agent ire, Zillow bets on brokerage to deliver profits
At the risk of alienating agents, Zillow is also banking on them to reach an elusive goal: profitability for...
New York
Zillow launches brokerage to boost iBuying
For years, Zillow denied it had plans to become a brokerage. But the listings giant is doing just that, in a move it says will streamline its iBuying operation. Starting in January 2021, the...
Opendoor is ready to go public. Is its balance sheet?
Five months ago, iBuying startup Opendoor was in survival mode: It paused home buying, laid off 35 percent of...
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