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Redfin CEO says housing downturn made real estate giant ‘leaner, hungrier and better’

GeekWire

But the Seattle real estate giant sees some silver linings. The company’s real estate services division, its primary source of revenue, dropped nearly 30% to $127 million. Redfin reported a Q1 net loss per share of $0.55, which beat expectations. Redfin’s revenue fell 45% in the first quarter to $325.7

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Zillow Group CEO Rich Barton on why he’s bullish about real estate despite pandemic

GeekWire

The Zillow Group CEO expressed optimism for the future of real estate despite a global pandemic that has slowed home sales and leaves the industry with an uncertain future. ” The Seattle real estate giant posted Q1 revenue of $1.1 Traffic to its mobile apps and websites were up 5% to 2.1 billion visits.

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Zillow beats Q2 expectations with $1.3B in revenue as it expects housing trends to boost growth

GeekWire

Seattle-based real estate company Zillow Group reported $1.3 Consolidated net income was $10 million. RELATED: Redfin revenue soars 121% in second quarter as net loss grows on RentPath acquisition. Zillow Group CEO Rich Barton. Zillow Group Photo). Expected revenue was $1.28 billion, with earnings per share of 24 cents.

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Redfin shares sink 10% as CEO says housing market sales volume is ‘near rock bottom’

GeekWire

The Seattle real estate giant reported total revenue of $275.6 The company’s real estate services division, its primary source of revenue, dropped more than 28% to $180.6 Redfin’s mobile apps and website had more than 52 million average monthly users, slightly down from 53 million in Q2 2022.

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Tech Moves: Expedia board director Skip Battle resigns; Madrona promotions; Vacasa’s new CFO

GeekWire

Its net loss for the first nine months of this year was $2.2 Based in New York City, Gavet was most recently COO at real estate startup Compass. The company offers mobile platforms for religious, education and nonprofit organizations. Expedia has been crushed by the pandemic as travel restrictions slow its business.

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Redfin to cut 13% of workforce and shut down home-flipping business RedfinNow

GeekWire

The Seattle-based real estate brokerage announced Wednesday that it will eliminate 862 positions, or 13% of its workforce. Redfin is one of a handful of real estate companies that invested heavily in iBuying to make real estate transactions more seamless. GeekWire File Photo / Dan DeLong).

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How much longer can Google own the internet?

Vox

Last July, another 37 state attorneys general sued Google over the Google Play mobile app store. In mobile operating systems, Google’s Android has about 70 percent worldwide (in the United States, Android is just 40 percent , and Apple’s iOS has almost all of the rest). In web browsers, Google’s Chrome has about 65 percent.

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