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Hungry for cash, Opendoor eyes IPO

Hungry for cash, Opendoor eyes IPO

Five months after laying off 800 staffers — or 35 percent of its workforce — iBuying startup Opendoor is eyeing a $5 billion IPO with a blank-check company. Welcome to 2020, the year of...

Hungry for cash, Opendoor eyes IPO
What do we want? Mortgage relief!: Landlords plan LA protest

What do we want? Mortgage relief!: Landlords plan LA protest

Downtown Los Angeles is no stranger to protests, but an unexpected group will be hitting the streets on Saturday...

What do we want? Mortgage relief!: Landlords plan LA protest
Photo illustration of Masayoshi Son (Getty, iStock)

SoftBank shovels another $1.1B into WeWork

SoftBank is pouring $1.1 billion more into WeWork as the flexible-office giant sees membership fall. In a memo to employees, chief financial officer Kimberly Ross called the infusion “another sign of SoftBank’s continued support...

SoftBank shovels another $1.1B into WeWork
5212 North Bay Road in Miami Beach and Marcelo Claure (Getty)

SoftBank’s Marcelo Claure buys waterfront Miami Beach teardown

Marcelo Claure, a top executive at Japanese conglomerate SoftBank Group, paid $11.1 million for a waterfront teardown on Miami...

SoftBank’s Marcelo Claure buys waterfront Miami Beach teardown
Marcelo Claure (Getty, iStock)

WeWork on track for profitability by end of 2021, says chairman

WeWork’s business model may have been called into question by the coronavirus pandemic, but its executive chairman says the...

WeWork on track for profitability by end of 2021, says chairman
Photo illustration of Ryan Schneider and Robert Reffkin (Getty)

Compass to appeal decision sustaining Realogy’s suit

Compass will appeal a New York judge’s decision last month to let Realogy proceed with a lawsuit that alleges...

Compass to appeal decision sustaining Realogy’s suit
Lemonade CEO Daniel Schreiber (iStock)

Investors reward Lemonade with $3.8B valuation

Venture-backed insurance seller Lemonade got a sweet reception from investors on the day of its initial public offering. Listed...

Investors reward Lemonade with $3.8B valuation
Lemonade co-founders Daniel Schreiber and Shai Wininger

SoftBank-backed Lemonade raises IPO target to $319M

As its anticipated early July IPO date draws nearer, home insurance provider Lemonade is raising its share price once...

SoftBank-backed Lemonade raises IPO target to $319M
Katerra CEO Paal Kibsgaard (Getty)

Construction startup Katerra lays off 400+ employees

SoftBank-backed construction startup Katerra has laid off more than 400 employees, one month after new CEO Paal Kibsgaard stepped...

Construction startup Katerra lays off 400+ employees
Lemonade co-founders Daniel Schreiber and Shai Wininger

Will Lemonade’s IPO be sweet or sour?

To investors, Lemonade bills itself as the evolutionary successor to the old insurance guard. Instead of luring established customers with the “I switched-and-saved” value proposition, Lemonade hooks them when they’re young. The armies of...

Will Lemonade’s IPO be sweet or sour?
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