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Porch to go public at $523M valuation in SPAC deal, marking new era for real estate tech company

GeekWire

Porch, a real estate technology venture and home improvement marketplace that has spent four years quietly renovating its own business, plans to become publicly traded through a merger that values the Seattle company at $523 million. Porch’s Seattle headquarters. Porch Photo). The company says more than 65% of U.S. homebuyers.

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Zillow wins jury verdict in lawsuit over its display of non-MLS home listings

GeekWire

This story originally appeared on Real Estate News. The Real Estate Exchange (REX) sued Zillow and the National Association of Realtors over what it says were deceptive practices to conceal non-MLS listings on Zillow’s heavily trafficked website.

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Redfin beats Q4 earnings estimates with $244M in revenue and record traffic

GeekWire

A hot real estate market helped Redfin’s monthly active visitors grow to a record 44.1 Redfin and other real estate tech companies including fellow Seattle giant Zillow Group are benefiting from a strong U.S. Another tailwind for Redfin: home-buyers are increasingly going online to find a real estate agent.

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FBI: Investment Scams Surpass BEC as Most Costly Cybercrime

SecureWorld News

The FBI's Internet Crime Complaint Center (IC3) has released its 2022 Internet Crime Report , which reveals the trends and impacts of cybercrime in the United States. The report is based on 800,944 complaints of suspected internet crime reported to the FBI last year, with losses exceeding $10.3

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BEC Tops FBI Internet Crime Report 2021

SecureWorld News

The FBI's Internet Crime Complaint Center (IC3) has released its annual report, providing the public with specific details on how cybercrime has evolved in the last five years, what threats were the most persistent, and what groups were the most targeted, along with a flurry of other information and statistics.

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Zillow Group beats Q4 estimates with $435M in revenue

GeekWire

The Seattle real estate tech giant on Wednesday reported total Q4 revenue of $435 million, beating estimates of $413 million and coming in at the high end of its guidance range. Zillow’s advertising service for real estate agents, Premier Agent, posted Q4 revenue of $283 million, down 20% from the year-ago quarter.

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Sign of the retail times: Macy’s sues to block Amazon from taking over signature NYC billboard

GeekWire

Macy’s is suing a real estate company to prevent Amazon from taking over the iconic billboard next to its landmark department store at West 34th Street and Broadway in Manhattan, citing the terms of a contract signed on Aug. The iconic billboard next to the Macy’s flagship store at New York’s Herald Square.

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