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NFT fans lose millions in video game real estate sales

TechSpot

The collection sold (or at least tried to sell) tokens to claim real estate and resources in Yuga's upcoming metaverse game, Otherside. The NFT drop netted approximately $310 million in just a few short hours. Yuga Labs sold Otherdeed NFTs via Opensea.

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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 real estate rival Compass files for IPO, shows $3.7B in revenue for 2020

GeekWire

Compass CEO Robert Reffkin in 2019 after cutting the ribbon on the real estate brokerage’s tech center in Seattle’s South Lake Union neighborhood. Real estate brokerage Compass filed for an IPO on Monday. billion in revenue last year, up 56% year-over-year, with a net loss of $270 million, down from $388 million in 2019.

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Redfin revenue soars 121% in second quarter as net loss grows on RentPath acquisition

GeekWire

Seattle real estate brokerage Redfin on Thursday posted second quarter revenue of $471 million, a jump of 121 percent over the same period last year. The surge in revenues also came as net losses grew — coming in at $27.9 The company also is spending heavily to attract and retain real estate agents.

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WeWork shutting down Ballard location in Seattle as it restructures real estate footprint

GeekWire

WeWork is closing its location in the Ballard neighborhood of Seattle less than two years after the space opened as the office-sharing company restructures its real estate footprint amid continued fallout from the COVID-19 pandemic. WeWork reported a net loss of $2.06 (WeWork Photo).

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Former AWS real estate managers, accused of taking millions in kickbacks, challenge Amazon’s motives amid FBI investigation

GeekWire

Eleven data center deals are now the subject of a suit by Amazon vs. two former AWS real estate managers and others. Two of the participants in the August 2017 meeting — Casey Kirschner, an AWS real estate manager, and Carl Nelson, Kirschner’s boss and mentor — were leading that physical expansion for Amazon.

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Zillow Group to raise nearly $1B through stock and debt offerings to help support real estate business

GeekWire

The Seattle real estate giant on Wednesday announced pricing for stock and debt offerings that will provide up to $993 million in net proceeds. Zillow beat first quarter earnings expectations last week as CEO Rich Barton expressed optimism for the future of real estate amid the COVID-19 pandemic.